Press Release
VIS Upgrades Entity Ratings of AKD Securities Limited
Karachi, September 03, 2026: VIS Credit Rating Company Ltd. (VIS) has upgraded entity ratings of AKD Securities Limited (‘AKDSL’ or ‘the Company’ at ‘AA/A1’ (Double A/A One). Rating of ‘AA’ denotes high credit quality; protection factors are strong. Risk is modest but may vary slightly from time to time because of economic conditions. Short Term Rating of ‘A1’ indicates strong likelihood of timely repayment of short-term obligations with excellent liquidity factors. Outlook on the assigned ratings is ‘Stable’. Previous rating action was announced on July 29, 2025.
AKD Securities Limited is a listed company principally engaged in the brokerage services of equity and commodities to retail and institutional clients and also licensed to operate as a consultant to issue and underwriter. The Company holds a Trading Right Entitlement Certificate (TREC) for Trading & Self Clearing services issued by the Pakistan Stock Exchange Limited (PSX). The Company serves a diverse clientele, including domestic and international retail investors, high net worth individuals, and domestic and international institutions.
The assigned ratings of AKDSL reflect its established franchise within Pakistan’s capital markets, diversified business profile, strong capitalization, and significantly improved financial performance. The ratings also draw comfort from the Company’s strong ownership profile, experienced management team, and established risk management and internal control framework. AKDSL maintains a strong and well-established market position, supported by its recognized brand, extensive client base and presence across various segments of the capital markets. The Company’s diversified business profile provides greater resilience across market cycles. Continued enhancement of digital trading capabilities and value-added services further supports client retention and franchise development.
The Company has also demonstrated a material improvement in financial performance, reflecting stronger earnings generation and enhanced operating performance. The improved profitability, coupled with the strengthening of the equity base, provides greater financial flexibility and cushion against market volatility. Low financial leverage also further supports the ratings. Going forward, ratings will remain sensitive to Company's ability to sustain its improved profitability, preserve its strong capitalization and liquidity profile, maintain prudent leverage and effectively manage the market, credit and operational risks inherent in its business model.
For further information on this ratings announcement, please contact at 021-35311861-64 or email at info@vis.com.pk.
Applicable Rating Criteria: Broker Entity Rating:
https://docs.vis.com.pk/Methodologies-2025/BrokerEntityRating.pdf
VIS Issue/Issuer Rating Scale:
https://docs.vis.com.pk/docs/VISRatingScales.pdf