PACRA assigns Initial Broker Fiduciary Rating to Khadim Ali Shah Bukhari Securities Limited

Business News English

Lahore, May 26, 2021 (PPI-OT): The broker fiduciary rating of Khadim Ali Shah Bukhari Securities Limited’s (“The Company”) (Formerly: Khadim Ali Shah Bukhari Securities Private Limited) signifies the Company’s assurance towards satisfactory custodianship of client’s assets indicated by comprehensive Client Asset Segregation policy, Trading room policy and Market abuse policy. The Company occupies emerging position in the brokerage industry and is penetrating through online trading and mobile application.

The Company has outsourced its internal audit function to AFRAS and Company, a practicing firm of consultants. Zero leveraged capital structure, improved liquidity indicators and recovery in efficiency ratios bodes well for the Company. The ratings are dependent on the management’s ability to strengthen revenue base by augmenting consultancy and advisory services. Retaining market share and sustaining profitability from core operations remain critical. Meanwhile, upholding strong internal controls and diligent monitoring of risks is important.

For more information, contact:
Analyst,
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore, Pakistan
Tel: +92-42-5869504-6
Fax: +92-42-5830425
Email: hammad.rashid@pacra.com
Website: www.pacra.com

The post PACRA assigns Initial Broker Fiduciary Rating to Khadim Ali Shah Bukhari Securities Limited appeared first on Business News Pakistan.