Adam Securities' earning drop due to reduced brokerage income and capital gains: JCR-VIS

News Image

By MG News | January 10, 2019 at 10:13 AM GMT+05:00

0:00

January 10, 2019 (MLN): JCR-VIS Credit Rating Company Ltd. (JCR-VIS) has reaffirmed the Broker Management Rating of Adam Securities Limited (ASL) at ‘BMR3++’. Outlook on the assigned rating is ‘Stable’. The previous rating action was announced on November 21, 2017.

According to an official press release on the action, JCR-VIS explains that the rating signifies sound external control framework and risk management along with adequate regulatory compliance levels, internal controls, client relationship, HR & IT services and financial management.

“The rating reaffirmation takes into account ASL’s adequate regulatory compliance levels,” added the credit rating company.

However, JCR-VIS believes that board size expansion, constitution of board level Risk Management Committee and appointment of an independent director for Board Audit Committee (BAC) would add to the governance level of ASL.

“ASL’s earning profile witnessed a downward trend on account of decrease in core brokerage income and significant deduction in capital gains; however, profitability drew support from improved underwriting commission during the year FY18,” apprised the press release.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 131,949.07
198.95M
0.97%
1262.41
ALLSHR 82,069.26
730.83M
0.94%
764.01
KSE30 40,387.76
80.88M
1.11%
442.31
KMI30 191,376.82
77.76M
0.36%
678.77
KMIALLSHR 55,193.97
350.11M
0.22%
119.82
BKTi 35,828.25
28.42M
3.64%
1259.85
OGTi 28,446.34
6.84M
-1.02%
-293.01
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,500.00 110,525.00
107,865.00
-915.00
-0.83%
BRENT CRUDE 67.75 67.96
67.22
-0.55
-0.81%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 106.00 106.00
105.85
-2.20
-2.03%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.95 67.18
65.40
-1.05
-1.57%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 07, 2025 at 06:02 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


July 05, 2025 at 11:58 PM GMT+05:00

Weekly Market Roundup


July 05, 2025 at 02:57 PM GMT+05:00

National Savings Schemes see over Rs27bn inflow in May


July 04, 2025 at 10:16 PM GMT+05:00

CAT upholds CCP’s ruling against PREMA Milk


July 04, 2025 at 10:07 PM GMT+05:00

Gold price in Pakistan falls Rs1,500 per tola



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg