CUSTODIAN. Deep is the truth the truth of success fight the waves and reach the depth THE SLATE ISSUE NO. January-March, 2016

Transcription

1 Deep is the truth the truth of success fight the waves and reach the depth ISSUE NO. 64 January-March, 2016

2 Quarterly Newsletter Central Depository Company Registered Offices: Head Office: CDC House, 99-B, Block B, S.M.C.H.S., Main Shahra-e-Faisal, Karachi Tel: (92-21) I Fax: (92-21) PSX Branch: Mezzanine Floor, Karachi Stock Exchange Building I.I Chundrigar Road, Karachi. Tel: (92-21) I Fax: (92-21) Islamabad Branch: Room # 410, 4th Floor, Islamabad Stock Exchange Towers, 55-B, Jinnah Avenue, Blue Area, Islamabad. Tel: (92-51) I Fax: (92-51) Lahore Branch: 307, 2nd Floor, Upper Mall, Lahore Tel: (92-42) I Fax: (92-42) Abbottabad Office: 1st floor, Al-Fateh Shopping Centre, Opp. Radio Station, Mansehra Road, Abbottabad. Tel: (92-992) info@cdcpak.com URL: Customer Support Services: (CDCPL) For Overseas Callers: +92 (21) Levels in Nature Ocean Land Mountain Sky LEVEL 01 Ocean The planet earth, from bottom to top, is visibly divided into 4 levels. The lowest and deepest is the ocean, followed by the land, then mountain and the highest being the sky. To the human eye, ocean and land appear to fall at the same plane, however, ocean goes deep down to an estimated unexplored depth of 10,971 meters. Sometimes calm, sometimes tumultuous at the surface, this body of brine carries an unmatched treasure of aquatic life and natural resources. Capital Market like an ocean offers an extensive range of investment options and holds tremendous opportunities for financial growth. CDC being the infrastructure institution helps investors tackle the challenging waves on the surface to discover the benefits beneath. THE Deep is the truth the truth of success fight the waves and reach the depth THE THE THE Let your travel never end though the road may sometimes bend ISSUE NO. 64 January-March, 2016 ISSUE NO. 65 April-June, 2016

3 Contents CEO s Message CDC organizes Pakistan Investor Days in Dubai Launch of Pakistan Stock Exchange (PSX) Pak China Investment Company delegation visits CDC House Financial Literacy Initiatives by CDC 06 Industry-Academia Collaboration CDC conducts Investor Awareness Sessions in Abbottabad GLOBAL BUZZ Shanghai-Hong Kong Connect Statistical Highlights

4 CEO s Message STANDING TALL AS A SYMBOL OF INNOVATION Muhammad Hanif Jakhura CEO Central Depository Company of Pakistan Limited Chairman Executive Committee, Asia-Pacific CSD Group A lmost two decades ago, CDC was established with a promise to alter the course of Pakistan s Capital Market. Today, we proudly stand as a symbol of innovation in the corporate sector across the nation. This track record of excellence is undoubtedly a product of sustained efforts of my team and rewarding conviction of our stakeholders. At CDC, our core purpose is to offer safe and secure services to our clients. With this inherent devotion at the fore, we have over time embraced regulatory reforms and technological solutions to provide progressive and secure avenues to investors. Our consistent efforts have earned us a dignified legacy of trust and loyalty. Building on this reputation, we are leading initiatives for the growth of financial markets and the investor base in the country. Over the years we have been enthusiastically engaged in increasing investor awareness and confidence through our financial literacy programs and investor road shows. Through our endeavors, we have also been successful in positioning Pakistan on the international map. We currently act as the Asia-Pacific Central Securities Depository Group (ACG) Secretariat and I am representing Asia on the Board of World Forum of CSDs as Executive Committee Chairman of ACG. It is an honour for CDC to represent Pakistan and Asia on such significant international forums. All of this has been made possible due to your support and trust. I d like to commend my team and esteemed customers for standing by CDC at all times. Our success would not have been possible without your support. Thank you! 01

5 CDC organizes Pakistan Investor Days in Dubai C entral Depository Company of Pakistan Limited in collaboration with Auerbach Grayson & Company (AGCO) organized Pakistan Investor Days, an investment road show in Dubai on March 2 & 3, 2016 at the Dubai International Financial Centre (DIFC). Fourteen Pakistani Issuer companies and eighteen foreign fund managers attended the conference. 137 one on one meetings were held between the representatives of these Issuer companies, mostly senior management level, and foreign fund managers from US, UK, South Africa, Hong Kong, and UAE. This was one of the many events organized periodically by Auerbach Grayson worldwide. AGCO is a New York-based brokerage firm serving the international needs of major institutional investors. Through its worldwide network of broker partners, AGCO offers research, execution and clearance in equities, derivatives and fixed-income instruments. This conference was organized at a crucial time when MSCI was reviewing to elevate Pakistan s current status from Frontier Market to Emerging Market. From time to time, such endeavors by CDC help boost the foreign investors confidence which translates into a very positive feedback to be considered by MSCI in the favor of this elevation. This is the third such endeavor by CDC in the past ten years to help attract foreign investment in Pakistani listed companies. Adding another first to our legacy of initiatives, this is the first time when apart from blue chip companies, second tier corporates were also invited to showcase themselves to foreign fund managers. This step ensured that a broader perspective of Pakistan Capital Market is available to foreign investors. This event proved to be an excellent opportunity for Pakistani Corporates to interact with leading foreign investors. The event was a huge success and the participants appreciated the efforts of both CDC and AGCO. Mr. Omer Farooq Pasha, Chief Economist at the State Bank of Pakistan who specially attended the event spoke on day one of the conference. 02

6 Launch of Pakistan Stock Exchange (PSX) The integration offers many strategic advantages. It will help reduce market fragmentation and create a strong case for attracting strategic partnerships necessary for providing technological expertise and assistance. Domestic investors will now have a single national platform with deep liquidity pool and availability of over 400 securities brokers. Furthermore, the integrated Exchange will allow the Capital Market Regulator (SECP) to monitor overall compliance by market participants while focusing on transparency, governance and efficiency of the securities market. Unification of Pakistan Stock Exchange Limited is a fundamental step in preparing Pakistan's Capital Market for its due role in future economic development of the nation. J anuary 11, 2016 marks a historic day for the Pakistan Capital Market. On this day, Pakistan Stock Exchange was launched in Islamabad. The inaugural ceremony was presided by the Federal Minister of Finance, Revenue, Economic Affairs, Statistics and Privatization Mr. Mohammad Ishaq Dar, who played a key role in making this launch and merger of the three exchanges possible. The Pakistan Stock Exchange has replaced the stock exchanges of Karachi, Lahore and Islamabad asall three have now been formally inducted into the unified PSX. Mr. Muhammad Ishaq Dar, Federal Minister for Finance, Revenue, Economic Affairs, Statistics and Privatization, Mr. Nadeem Naqvi, MD PSX, Mr. Zafar-ul-Haq Hijazi, Chairman SECP, Mr. Muneer Kamal, Chairman PSX present at the gong ceremony at the launch of PSX. 03

7 Pak China Investment Company delegation visits CDC House O n March 17, 2016, the representatives of Pak China Investment Company Limited, Mr. Lip Peng, Managing Director and Mr. Tariq Mahmood, Head of Corporate Finance, visited the CDC House. Pak China Investment Company Limited is a joint initiative backed by the governments of Pakistan and China. This DFI targets to facilitate the investment flow between both countries by becoming prime advisor for investors. They aim at capitalizing on opportunities in Pakistan by leveraging on Chinese technology, financial resources and entrepreneurial expertise. Head of Product Development and Marketing at CDC. Mr. Jakhura gave a detailed presentation to the invitees on the success story of CDC and its pivotal role in the development of Pakistan Capital Market. Both the invitees greatly appreciated the efforts of CDC in the development of Pakistan Capital Market and praised the global image of CDC. They also stressed on the need for more international collaborations. The delegation was welcomed by Mr. Muhammad Hanif Jakhura, CEO, CDC and Mr. Shariq Naseem, Mr. Muhammad Hanif Jakhura, CEO - CDC, together with Mr. Shariq Naseem, Head of Product Development and Marketing (left) meet Mr. Lip Peng, Managing Director and Mr. Tariq Mahmood, Head of Corporate Finance - Pak China Investment Company Limited (right). 04

8 Financial Literacy Initiatives by CDC Orientation on Mutual Funds I n line with our continued and ever increasing efforts to spread awareness regarding investment opportunities and avenues in the capital market, CDC organized a comprehensive Orientation on Mutual Funds at the CDC House. The event was aimed at clearing the misconceptions of general public about investing in Mutual Funds and provide them detailed understanding of how Mutual Funds actually work. This orientation was hosted by Ms. Mashmooma Zehra Majeed, who is a seasoned professional possessing more than a decade of experience in the Mutual Funds Industry and currently serving as the CEO of Mutual Funds Association of Pakistan (MUFAP). MUFAP ensures transparency, high ethical standards and growth of the Mutual Funds Industry. This interactive session received an overwhelming response from the crowd who further gave excellent feedback at the conclusion of the event and appealed to increase the frequency of such events in future. Money Management Workshops CDC is proud to announce that February 20, 2016 marked a long journey of CDC Money Management Workshop when eighth edition of this event was organized at the CDC House. Various business professionals and university students attended the event. The workshop is conducted by Mr. Shuja Qureshi, who is known for hosting various Capital Market related talk shows on top TV networks. Another Money Management Workshop was organized at the Institute of Business Management (IoBM) for their students and faculty members at the IoBM auditorium. Mr. Shuja Qureshi apprised them on the importance of financial planning and investment. The goal of these workshops is to alter the attitude of people towards money by encouraging them to save and make educated investments. Warm participation was observed during both of these interactive workshops whereas queries were actively entertained by the trainer. 05

9 Industry-Academia Collaboration IoBM students visit CDC House O n February 26, 2016, CDC invited the students of Institute of Business Management to visit CDC House with an objective to educate them on Capital Market Operations and CDC s contributions in adding efficiency and transparency to its functions. A class of 45 students along with Ms. Tazeen Arsalan, Assistant Lecturer at IoBM were welcomed by the CDC Marketing Team. A comprehensive orientation was arranged in which the students were briefed about Capital Market Operations and how CDC s value added services ensure their sustainability and provide investor protection. The presentation was concluded with a Question and Answer session facilitated by CDC s Marketing team. IoBM students showed great appreciation for CDC s efforts and requested that such industry-academia interaction should continue in future. CDC conducts Capital Market Awareness Session at IBA Karachi M r. Shariq Naseem, Head of Product Development and Marketing at CDC visited the Institute of Business Administration to conduct a Pakistan Capital Market Awareness Session for the students of Business Finance class. He enlightened the students on Capital Market operations, investment avenues and the role of CDC in facilitating the growth and stability of Pakistan Capital Market. He further discussed the contributions of CDC in promoting investor protection and how CDC s services provide utmost convenience to the investors. The students actively participated in this interactive session while Mr. Shariq Naseem answered a great number of queries from the audience. The faculty members and the students appreciated his visit and requested him to conduct similar sessions in future. CDC conducts Investor Awareness Sessions in Abbottabad C DC initiated investor cultivation efforts in Abbottabad soon after the launch of Abbottabad Sarmayakari Markaz. In the first quarter of 2016, a number of Investor Awareness Seminars were conducted by CDC s representatives at various locations including; Abbottabad Press Club, Muslim College of Commerce, University of Haripur and Abbottabad International Medical College. A great number of individuals including journalists, lawyers, students and faculty members attended these seminars where they were briefed about CDC s roles, responsibilities and service offerings. Moreover, they were educated on the purpose of establishing Capital Market Hubs. Our representatives also enlightened the attendees on various investment opportunities related to Abbottabad Sarmayakari Markaz (ASM). 06

10 GLOBAL BUZZ Shanghai-Hong Kong Connect T he China Securities Depository and Clearing Corporation Limited (CSDC) is one of the two depositories in the People s Republic of China. CSDC has been a pivotal member of ACG. They have taken a number of initiatives for the capital market that have been quite progressive. They presented the Unified Account Platform (UAP) through which there will be integration of the accounts held by each investor into a composite account. The composite account will comprise of sub-accounts linked to a general account associated with an investor, wherein each sub-account is directed to a particular exchange house or trading purpose. Investors will get an overall picture of their security assets and make intra-transfers instantly at brokerages or over any of the CSDC counters. Another initiative, the Shanghai-Hong Kong Stock Connect is a mutual market access programme that will allow investors in Hong Kong and Mainland China to trade and settle shares listed on the other market via the exchange and clearing house in their local markets. Only the netting of the buy and sell orders in one market will be cleared and settled between the two clearing houses (CSDC and HKSCC) at the end of each trading day. 07

11 STATISTICAL HIGHLIGHTS CENTRAL DEPOSITORY SYSTEM (CDS) AS ON MARCH 31, 2016 TYPE OF ELEMENTS Issuers 699 Pledgees 92 Participants / Account Holders 633 BREAKUP OF SECURITIES Preference Shares 19 TFCs / Sukkuk 99 Open End Units 38 Ordinary Shares

12 SECURITIES INDUCTED INTO CDS S. No. Security Name Security Type Live Date 1 Topline Securities (Pvt.) Limited Ordinary Shares 04 Jan, Awwal Modaraba Ordinary Shares 20 Jan, Descon Oxychem Limited Conv., Cum. Redeemable Preference Shares Preference Shares 25 Jan, Habib Metropolitan Modaraba Management Company (Pvt.) Ltd. Ordinary Shares 27 Jan, Philips Pakistan Limited Ordinary Shares 29 Jan, Paramount Investments Limited Ordinary Shares 02 Feb, Habib Bank Limited TFC Debt Instruments 18 Feb, Popular Islamic Modaraba Management Company (Pvt.) Limited Ordinary Shares 24 Feb, International Packaging Films (Private) Limited Ordinary Shares 25 Feb, Hi-Tech Lubricants Limited Ordinary Shares 25 Feb, National Bank Modaraba Management Co. Ltd. Ordinary Shares 08 Mar, Hascol Petroleum Limited - Sukuk Certificates Debt Instruments 09 Mar, 2016 SECURITIES DELISTED FROM CDS S. No. Security Name Security Type Live Date 1 Nishat (Chunian) Limited - TFC Debt Instruments 22 Jan, IGI Funds Limited Ordinary Shares 10 Feb, Fecto Sugar Mills Limited Ordinary Shares 03 Mar, Pak-Libya Holding Company (Pvt.) Limited TFC (2nd Issue) Debt Instruments 16 Mar, Javedan Corporation Limited-TFC Debt Instruments 18 Mar, Javedan Corporation Limited-TFC2 Debt Instruments 18 Mar, Javedan Corporation Limited-TFC3 Debt Instruments 18 Mar,

13 SECURITIES DECLARED ELIGIBLE FOR CDS S. Security Name Security Notice Eligibility No. Type Date Date 1 Habib Metropolitan Modaraba Management Co. (Pvt.) Limited Ordinary Shares 05 Jan, Jan, Hi-Tech Lubricants Limited Ordinary Shares 07 Jan, Jan, National Bank Modaraba Management Company Ltd. Ordinary Shares 08 Jan, Jan, Paramount Investments Limited Ordinary Shares 14 Jan, Jan, Pak Elektron Limited - LoR Right (Renounceable) 14 Jan, Jan, Shakarganj Mills Limited - LoR Right (Renounceable) 21 Jan, Jan, Hascol Petroleum Limited - Sukuk Certificates Debt Instruments 21 Jan, Jan, Philips Pakistan Limited Ordinary Shares 25 Jan, Jan, Sindh Microfinance Bank Limited Ordinary Shares 25 Jan, Feb, Habib Bank Limited - TFC Debt Instruments 25 Jan, Jan, Noon Pakistan Limited - LoR Right (Renounceable) 02 Feb, Feb, Noon Pakistan Limited - LoR (Non Voting Ordinary Shares) Right (Renounceable) 02 Feb, Feb, Tenaga Generasi Limited - LoR2 Right (Renounceable) 04 Feb, Feb, Popular Islamic Modaraba Management Company (Pvt.) Limited Ordinary Shares 08 Feb, Feb, Ghani Gases Limited - LoR Right (Renounceable) 09 Feb, Feb, International Packaging Films (Private) Limited Ordinary Shares 19 Feb, Feb, Gul Ahmed Textile Mills Limited - LoR Right (Renounceable) 16 Mar, Mar, Fauji Fresh n Freeze Limited - (3rd Issue) LoR Right (Renounceable) 21 Mar, Mar, Hartford Alternative Energy (Private) Limited Ordinary Shares 29 Mar, Apr, 2016 CORPORATE ACTIONS CREDIT OF NEW ISSUES/OFFER FOR SALE S. No. Security Name Issue Type Security Type Apply Date 1 Awwal Modaraba New Issue Certificate 26 Jan, Habib Bank Limited - TFC New Issue Debt Instruments 19 Feb, Hi Tech Lubricants Limited - Book Building New Issue Ordinary 23 Feb, Hi Tech Lubricants Limited - General Public New Issue Ordinary 24 Feb, Sui Southern Gas Company Ltd. Certificates of Leasing - IV New Issue Debt Instruments 04 Mar, Hascol Petroleum Limited - Sukuk Certificates New Issue Debt Instruments 08 Mar,

14 CREDIT OF SHARES / CERTIFICATE AGAINST RIGHT ISSUE / FURTHER ISSUE S. No. Security Name To Effective Date 1 Ittehad Chemicals Limited Right Issue 04 Jan, Tenaga Generasi Limited Right Issue 06 Jan, Summit Bank Limited Further Issue 22 Jan, Descon Oxychem Limited - Conv. Cum. Red. Preference Shares Right Issue 22 Jan, The Crescent Textile Mills Limited Right Issue 29 Jan, The Searle Company Limited - LoR Right Issue 29 Jan, IBL Healthcare Limited Right Issue 29 Jan, Allied Rental Modaraba Ordinary Shares 01 Feb, IBL Healthcare Limited Ordinary Shares 02 Mar, Tenaga Generasi Limited Ordinary Shares 07 Mar, Crescent Star Insurance Limited Ordinary Shares 16 Mar, Shifa International Hospitals Limited Ordinary Shares 18 Mar, Ghani Glass Limited Ordinary Shares 22 Mar, Shifa International Hospitals Limited - (2nd Tranche) Ordinary Shares 28 Mar, 2016 CREDIT OF UNPAID RIGHTS S. No. Security Name Apply Date 1 Shifa International Hospitals Limited 08 Jan, Ghani Glass Limited 13 Jan, Tri-Pack Films Limited 25 Jan, Pak Elektron Limited LoR 01 Feb, Shakarganj Limited LoR 01 Feb, Tenaga Generasi Limited LoR 12 Feb, Ghani Gases Limited LoR 23 Feb, Noon Pakistan Limited Ordinary 29 Feb, Noon Pakistan Limited - Non Voting Ordinary Shares 29 Feb,

15 DETAIL OF PARTIAL CONVERSION AND CANCELLATION S. No. Security Name Apply Date 1 Aisha Steel Mills Limited 06 Jan, Aisha Steel Mills Limited - Preference Shares 06 Jan, Javedan Corporation Limited 11 Mar, Javedan Corporation Ltd. - 12% CUM, N.VOT, CONV & Red Preference Shares 11 Mar, Aisha Steel Mills Limited 28 Mar, Aisha Steel Mills Limited - Preference Shares 28 Mar, 2016 CREDIT OF BONUS ISSUE S.No. Security Name % Of Bonus Declared Apply Date 1 Al Shaheer Corporation Limited Remaining 5% 04 Jan, Suraj Cotton Mills Limited Remaining 5% 11 Jan, The Searle Company Limited Remaining 5% 08 Jan, IBL Healthcare Limited Remaining 5% 12 Jan, United Distributors Pakistan Limited Remaining 5% 18 Jan, East West Insurance Company Limited Remaining 5% 18 Jan, The United Insurance Company of Pakistan Ltd. Remaining 5% 01 Feb, Al Shaheer Corporation Limited Remaining 5% 18 Feb, Zahidjee Textile Mills Limited Remaining 5% 16 Mar, Kohinoor Textile Mills Limited 95% Bonus Shares 16 Mar, Topline Securities (PVt.) Limited 95% Bonus Shares 22 Mar,

16 DETAIL OF CHANGE OF R/TA (LISTED & UNLISTED) S. No. Security Name From To Effective Date 1 Shahtaj Textile Limited Evolution Factor (Private) Limited JWAFFS Registrar Services Pvt. Ltd. 08 Jan, Noon Sugar Mills Limited Noon Sugar Mills Limited Corplink (Pvt.) Limited 11 Jan, Shahtaj Sugar Mills Limited Evolution Factor (Private) Limited JWAFFS Registrar Services Pvt. Ltd. 13 Jan, Suhail Jute Mills Ltd. Nasir Absar & Co. (Pvt.) Ltd. Corplink (Pvt.) Limited 22 Jan, Habib Metropolitan Bank Limited Noble Computer Services Pvt. Ltd. CDC - R/TA Services 25 Jan, Shabbir Tiles & Ceramics Limited Noble Computer Services Pvt. Ltd. CDC - R/TA Services 27 Jan, Bank Al Habib Limited & TFC4 Noble Computer Services Pvt. Ltd. CDC - R/TA Services 03 Feb, Dynea Pakistan Limited Noble Computer Services Pvt. Ltd. FAMCO Associates (Pvt.) Limited 08 Feb, Indus Motor Company Limited Noble Computer Services Pvt. Ltd. CDC - R/TA Services 09 Feb, Sunrays Textile Mills Limited Evolution Factor (Private) Limited JWAFFS Registrar Services (Pvt) Ltd 10 Feb, Indus Dyeing & Manufacturing Co. Ltd Evolution Factor (Private) Limited JWAFFS Registrar Services (Pvt) Ltd 10 Feb, Thal Limited Noble Computer Services Pvt. Ltd. FAMCO Associates (Pvt.) Limited 12 Feb, ADOS Pakistan Limited Evolution Factor (Private) Limited JWAFFS Registrar Services (Pvt) Ltd 12 Feb, First Habib Modaraba Noble Computer Services (Pvt) Ltd. - 3 CDC - R/TA Services 12 Feb, Crescent Star Insurance Limited MG Associates Private Limited F. D. Registrar Services (SMC-Pvt) Limited 15 Feb, Husein Sugar Mills Limited Hameed Majeed Associates (Pvt) Ltd. Corptec Associates (Pvt) Limited 16 Feb, Habib Insurance Company Limited Noble Computer Services (Pvt) Ltd. CDC - R/TA Services 17 Feb, Sakrand Sugarmills Limited Evolution Factor (Private) Limited JWAFFS Registrar Services (Pvt) Ltd 18 Feb, Mehran Sugar Mills Limited Evolution Factor (Private) Limited C&K Management Associates (Pvt.) Ltd 19 Feb, Landmark Spinning Industries Limited Your Secretary F.D. Registrar Services (Smc-Pvt) Limited 22 Feb, Arshad Energy Limited Consulting One (Pvt.) Limited F.D. Registrar Services (Smc-Pvt) Limited 25 Feb, Ideal Spinning Mills Limited Consulting One (Pvt.) Limited F.D. Registrar Services (Smc-Pvt) Limited 26 Feb, Al Qadir Textile Mills Limited Your Secretary F.D. Registrar Services (Smc-Pvt) Limited 26 Feb, The General Tyre & Rubber Company Of Pakistan Limited Management & Registration Ser (Smc-Pvt) Ltd CDC - R/TA Services 29 Feb, East West Life Assurance Company Limited Bema Associates (Pvt) Ltd. THK Associates (Pvt) Limited 02 Mar, East West Insurance Company Limited Bema Associates (Pvt) Ltd. THK Associates (Pvt) Limited 03 Mar, Ishaq Textile Mills Limited Consulting One (Pvt.) Limited Corplink (Private) Limited 07 Mar, Fauji Fertilizer Company Limited THK Associates (Pvt) Ltd. III CDC- R/TA Services 04 Mar, Pakistan Engineering Co. Ltd. Scarlet IT Systems (Pvt.) Limited CDC - R/TA Services 14 Mar, Shams Textile Mills Limited Crescent Group (Pvt.) Limited Corptec Associates (Pvt) Limited 11 Mar, Agriauto Industries Limited Noble Computer Services (Pvt) Ltd. FAMCO Associates (Pvt) Limited 11 Mar, Hafiz Limited MG Associates (Pvt) Limited F.D. Registrar Services (Smc-Pvt) Limited 14 Mar, Suraj Cotton Mills Limited Crescent Group (Pvt) Limited Corptec Associates (Pvt) Limited 15 Mar, First National Equities Limited Technology Trade (Pvt.) Ltd. Corptec Associates (Pvt) Limited 25 Mar, Crescent Cotton Mills Limited Yaqub Associates (Pvt.) Limited Vision Consulting Limited 29 Mar, Dost Steel Limited Your Secretary (Private) Limited THK Associates (Pvt) Limited II 31 Mar,

17 INVESTOR ACCOUNT SERVICES (IAS) AS ON MARCH 31, 2016 CORPORATE INVESTOR ACCOUNT INDIVIDUAL INVESTOR ACCOUNT 1,103 Karachi 36, Lahore 7, Islamabad 4,675 NO. OF ACCOUNTS 50,468 NO. OF SECURITIES (in Bil) ACTIVATIONS (FOR IAS CUSTOMERS) AS ON MARCH 31, 2016 No. of IAS Account 50,468 Activation of IVR/WEB 27,101 Activation of SMS 38,590 14

18 PSX AND CDS SUMMARY AS ON MARCH 31, Listed Companies at PSX Listed Capital at PSX (in Billion) Number of shares in CDS (in Billion) Units of Open-End funds in CDS (in Million) Units of TFCs, Sukuks and Bonds in CDS (in Million) Market Capitalization in PSX (in Billion) 6, Market Capitalization of shares in CDS (in Trillion) Percentage of shares in CDS w.r.t. Share Capital * 87.59% *Excluding GoP holding WORLD MARKET INDICES Index Value as on March 31st 2016 BSE SENSEX 25, S&P/ TSX Composite 13, FTSE 100 (London) 6, NIKKEI 225 (Tokyo) 16, DAX (Frankfurt) 9, CAC 40 (Paris) 4, ALL ORDINARIES 5, HANG SENG (Hong Kong) 20, Source: Google Finance SHARES TRADED AT PSX DURING LAST 6 MONTHS TURNOVER OF SHARES MONTH CLOSING MARKET CAPITALIZATION READY FUTURE CONTRACT (RS. IN MILLION) (NO. IN MILLION) (NO. IN MILLION) October 3, ,284, November 3, ,867, December 3, ,947, January 3, ,699, February 2, ,587, March 3, ,915, Source: PSX Quotation PSX 100 INDEX DURING THE LAST 6 MONTHS 34,500 34,000 34,262 33,500 33,000 32,500 32,000 32,255 32,816 33,139 31,500 31,000 31,299 31,370 October November December January February March 15

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