Financial Institutions

Brokerage & Securities Firms

Name Date Sector Long Term Short Term Outlook Action
AKD Securities Limited 7/4/2022 BMR BMR1 Rating Watch - Positive Update
AKD Securities Limited (formerly BIPL Securities Limited) 8/3/2022 BMR BMR2+ Rating Watch - Developing Update
AKIK Capital (Pvt) Ltd 11/11/2022 BMR BMR3 Stable Reaffirmed
Alpha Capital (Pvt) Limited (Formerly: Alfa Adhi Securities (Pvt) Ltd) 12/13/2021 BMR BMR3+ Stable Initial
BMA Capital Management Limited 10/4/2022 BMR BMR2+ Stable Reaffirmed
Darson Securities Limited 4/13/2022 BMR BMR2 Stable Reaffirmed
DJM Securities Limited 9/24/2021 BMR BMR3+ Stable Initial
FDM Capital Securities (Pvt) Ltd 11/29/2021 BMR BMR3++ Stable Initial
Fortune Securities Limited 11/22/2022 BMR BMR2 Stable Reaffirmed
Foundation Securities (Pvt) Limited 7/7/2022 BMR BMR2 Rating Watch - Developing Maintained
Insight Securities (Pvt) Ltd 11/24/2022 BMR BMR2 Stable Reaffirmed
Integrated Equities Limited 2/11/2022 BMR BMR2+ Stable Upgrade
Intermarket Securities Limited 6/22/2022 BMR BMR2+ Stable Reaffirmed
Investment Managers Securities Private Limited 2/11/2022 BMR BMR3 Stable Initial
KTRADE Securities Limited 9/6/2022 BMR BMR2 Stable Reaffirmed
MRA Securities Limited 8/3/2022 BMR BMR2+ Stable Reaffirmed
Muhammad Munir Muhammad Ahmed Khanani Securities Limited 8/17/2022 BMR BMR2 Stable Reaffirmed
Next Capital Limited 6/21/2022 BMR BMR2++ Stable Reaffirmed
Pearl Securities Limited 9/13/2022 BMR BMR2 Stable Reaffirmed
Standard Capital Securities (Private) Limited 12/3/2021 BMR BMR2 Stable Initial
Taurus Securities Limited 9/15/2021 BMR BMR2+ Stable Initial
Topline Securities Limited 10/12/2022 BMR BMR2+ Stable Reaffirmed