JS Global Capital Limited (JSGCL) achievements have been recognised by the international community as it has bagged the coveted prize of the best brokerage house in Pakistan award from Asiamoney for two consecutive years (2008 and 2009). Moreover, Management Association of Pakistan (MAP) has also declared JS Global as the best equity brokerage house in 2009.
Despite slowdown in the economic activity in 2008, JSGCL remained upbeat sticking to their superior risk management strategy and brokerage which were reflected on their annual results. JSGCL posted earnings of Rs206mn (EPS Rs4.12) while many of its competitors dwindled due to the economic slowdown. The new financial year has already given a head start to JSGCL as it has posted earnings of Rs165mn in its 1QFY10 results compared to profits of just Rs68mn in the corresponding period last year.
JSGCL is an associate of Jahangir Siddiqui & Company Ltd. (JSCL) which is one of the most progressive and diversified financial services group in Pakistan. JSGCL covers four core areas of operation including investment banking, equity sales, fixed income advisory and research. As one of the best brokerage houses in Pakistan JSGCL holds a long term AA and short term A1+ credit ratings from Pakistan Credit Rating Agency (FITCH IBCA affiliate). Since its inception JSGCL has grown many folds and today is recognized at one of the largest brokerage firms in Pakistan with more than 5000 clients (100 plus institutions) covering an equity base of US$48mn. Apart from managing the local businesses, JSGCL is also the primary broker for international broker dealers such as Morgan Stanley, JP Morgan, UBS, Credit Suisse, Deutsche and Citi Bank. JSGCL currently holds a foreign fund size of 20% of the total foreign funds in Pakistan. Moreover, JSGCL has a strong presence in the derivative markets with a share of more than 25% and 32% in money market and forex trading, respectively.
