SERVICES |
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A. Brokerage and trading of equities & Other Securities The brokerage of securities is the principal business of the Company. This division deals with over 625 stocks which are traded in all of the three stock exchanges of the country. Its success is dependent upon the collaborated effort contributed by the Research, Sales and Trading sub-divisions. This way the Company is smoothly able to create markets and complete transactions without any loss of time. The staff has been trained to undertake complex trade promptly and at the best prices. FNEL aims to offer personalized services to institutions as well as high net worth clients. Currently, Brokerage Division deals in the following instruments:
The Investments Division of FNE makes investments/disinvestments on the Company's own behalf as well as for its clients. Investments are made in high quality shares as well as shares which are most actively traded. Special attention is paid to Value Picks which guarantee growth in income as well as ensure capital gains. The Portfolio Investments team analyses the different risk factors and makes sure that the portfolio risk of the company is kept at an optimum level. The limits which are created to mitigate risks are defined for the following:
C. CORPORATE FINANCE FNE provides consultancy and advisory services to government owned entities, corporate clients and private individuals. The Company has managed to establish close relationships with the financial institutions it deals with and therefore, it is able to manage time and cost efficiently. At the moment, FNEL's Corporate Finance Division is specializing in the following activities:
First National Equities Limited has setup its own research desk comprising highly competent professionals. FNE provides a complete independent stock market research. Our advice is always 100% independent and unbiased. We regularly update our valuable clients on stock market trends through daily briefings and research advices with current and up to date information accompanied by related analysis on macroeconomic, political and corporate environment prevailing in the country. In addition, FNEL's research is based on a continuous and detailed evaluation of industry and company's specific information. Our daily updates and timely recommendations on stock market moves enable our clients to get good returns on their investment and at the same time reduce the gap between investors and Karachi Stock Exchange. |
| FUTURE OUTLOOK |
Future outlook of FNEL is stable. FNEL has positioned itself to create awareness among masses about investment opportunities in capital markets that would help the company in attaining sustainable earnings in future. Major expansion plans are underway to extend the business reach to all major cities of the country while systems are also being geared accordingly. Already, the company has opened branches at Peshawar , Abbotabad, Swat, Islamabad and Lahore . Besides those, Rawalpindi branch has been functional while six more branches will be set up in this financial year. JCR-VIS Credit Rating Company Ltd. has assigned a medium to long –term rating of “A-“ to the proposed secured and listed Term Finance Certificates (TFC) of Rs. 400M. to be issued by FNEL, after reviewing the legal documents. A- Ratings denote a low expectation of credit risk and capacity for timely payment of financial commitments is considered strong . The TFC issue of RS. 400M. is divided in to Pre-IPO of Rs. 240M. and Initial Public Offering (IPO) of Rs. 160M. The tenor of the TFC will be 05 years and principal repayment will commence after a grace period of six months. KSE has accorded clearance to the draft of prospectus of TFCs vide their letter no. KSE/GEN-3014 dated April 24, 2006, and an application has been filed with SECP for final approval. Our associated company, National Asset Management Company Ltd (NAMCO), has launched its maiden mutual fund namely, NAMCO Balanced Fund, with a capital of Rs. 1,000 million. FNEL is holding 40% stake in the NAMCO. |
| THE SALES TEAM & BRANCH NETWORK |
Every client is a valued client at FNEL. Our investment professionals work one-on-one with investors, uncovering their needs, preferences and goals. They devote the same energy and attention to the development of personalized investment recommendations and, ultimately, to the construction and management of each investor's unique portfolio. There are no quick answers here, no patent solutions. We recognize and respond to individual investment needs with tailored strategies. Their success lies in their clients' prosperity. Each member of our sales team is carefully selected on criteria such as knowledge, client focus and commitment to the profession. These seasoned investment representatives have advised clients during all market conditions—both bull and bear—and through all economic cycles, building a loyal following and a track record of success. |
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