Financial Institutions

Brokerage & Securities Firms
Name Date Sector Long Term Short Term Outlook Action
AKD Securities Limited (formerly BIPL Securities Limited) 2/9/2023 BMR BMR1 Stable Upgrade
AKIK Capital (Pvt) Ltd 11/11/2022 BMR BMR3 Stable Reaffirmed
Alpha Capital (Pvt) Limited (Formerly: Alfa Adhi Securities (Pvt) Ltd) 4/17/2023 BMR BMR3++ Stable Upgrade
BMA Capital Management Limited 10/4/2022 BMR BMR2+ Stable Reaffirmed
Chase Securities Pakistan (Pvt) Limited 6/5/2023 BMR BMR3++ Stable Initial
Darson Securities Limited 4/13/2022 BMR BMR2 Stable Reaffirmed
DJM Securities Limited 1/27/2023 BMR BMR3+ Stable Reaffirmed
FDM Capital Securities (Pvt) Ltd 1/3/2023 BMR BMR3++ Stable Reaffirmed
Fortune Securities Limited 11/22/2022 BMR BMR2 Stable Reaffirmed
Insight Securities (Pvt) Ltd 11/24/2022 BMR BMR2 Stable Reaffirmed
Intermarket Securities Limited 6/22/2022 BMR BMR2+ Stable Reaffirmed
Investment Managers Securities Private Limited 5/30/2023 BMR BMR3 Stable Reaffirmed
KTRADE Securities Limited 9/6/2022 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
Standard Capital Securities (Private) Limited 5/12/2023 BMR BMR2 Stable Reaffirmed
Taurus Securities Limited 12/30/2022 BMR BMR2+ Stable Reaffirmed
Topline Securities Limited 10/12/2022 BMR BMR2+ Stable Reaffirmed