Financial Institutions

Brokerage & Securities Firms

Name Date Sector Long Term Short Term Outlook Action
Adam Securities Limited 1/18/2021 BMR BMR2 Stable Reaffirmed
AKD Securities Limited 6/2/2021 BMR BMR1 Stable Upgrade
AKIK Capital (Pvt) Ltd 9/29/2021 BMR BMR3 Stable Initial
Alfa Adhi Securities (Pvt) Ltd 12/13/2021 BMR BMR3+ Stable Initial
BIPL Securities Limited 3/2/2021 BMR BMR2+ Stable Reaffirmed
BMA Capital Management Limited 5/21/2021 BMR BMR2+ Stable Reaffirmed
Darson Securities Limited 12/29/2020 BMR BMR2 Stable Initial
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 10/12/2021 BMR BMR2 Stable Initial
Foundation Securities (Pvt) Limited 6/15/2021 BMR BMR2 Stable Reaffirmed
Insight Securities (Pvt) Ltd 9/28/2021 BMR BMR2 Stable Initial
Integrated Equities Limited 1/11/2021 BMR BMR2 Stable Upgrade
Intermarket Securities Limited 4/7/2021 BMR BMR2+ Stable Upgrade
KTRADE Securities Limited 7/16/2021 BMR BMR2 Stable Initial
MRA Securities Limited 4/12/2021 BMR BMR2+ Stable Upgrade
Muhammad Munir Muhammad Ahmed Khanani Securities Limited 4/7/2021 BMR BMR2 Stable Reaffirmed
Multiline Securities Limited 3/30/2021 BMR BMR3+ Stable Initial
Next Capital Limited 3/24/2021 BMR BMR2++ Stable Reaffirmed
Pearl Securities Limited 4/5/2021 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 6/24/2021 BMR BMR2+ Stable Reaffirmed