ABOUT US
KTrade Securities Limited (formerly known as Khadim Ali Shah Bukhari Securities Limited) is a new age stock and commodity brokerage in Pakistan. We are TREC license holders of Pakistan Stock Exchange and members of Pakistan Mercantile Exchange. We are licensed by the Securities and Exchange Commission of Pakistan. We believe that tech enabled digital technologies can rive Pakistan’s economic growth. KTrade is the most downloaded investment application with over 200,000 registered users. Our goal is to connect capital with growth companies and to help transform people’s lives by helping them make better financial decisions.
OUR MISSION
Is to Get 10 million Pakistanis make better savings and investment decisions by engaging with KTrade.
OUR VISION
Our Vision is to Democratize investments in Pakistan by providing people access to financial information, education and markets.
STATUS OF THE COMPANY
Public Unlisted Company
NATIONAL TAX NO.
4185466-7
COMPANY REGISTRATION NO.
0083594 / Regd. on 15 Apr, 2013
Detail of Associated Companies
BLOCKTECH LIMITED
Address: 3rd floor, Bukhari Tower, 16-C, Main
Khayaban-e-Bukhari, Phase VI, DHA, Karachi.
Business Services
EQUITIES
Forex
COMMODITIES
VARSITY
TRADING TITANS
Legal Advisor: Mr. Sufiyan Zaman Advocate
Phone: (+92)-21-35873221-2 | Fax: (+92)-21-35873223
Address: Bar-at-Law, F-66/3, Park Lane,Block-5,
Clifton,Karachi-75600
Auditor
Auditor:
BDO Ebrahim & Co. Chartered Accountants
Phone:
(+92)-21-35671909
Address:
Lakson Square Building No. 1, 9th Floor, Block C Sarwar Shaheed Rd, Civil Lines, Karachi City, Sindh 74200SBP/ICAP Rating of Statutory and NCB auditors: A (+92)-21-35671909
Legal Advisor
Legal Advisor:
Mr. Sufiyan Zaman Advocate
Phone:
(+92)-21-35873221 , (+92)-21-35873222 Fax: (+92)-21-35873222
Address:
Bar-at-Law, F-66/3, Park Lane,Block-5,Clifton,Karachi-75600
Code of Corporate
All securities brokers shall ensure compliance with the following Corporate Governance Code. The listed securities brokers shall ensure compliance with this Code in addition to the Code of Corporate Governance (CCG) applicable on listed companies as specified in the regulations of the securities exchange. In case where there is any inconsistency with the CCG, the provisions of the CCG shall prevail.
1. A securities broker shall establish an effective board of directors (board), responsible for ensuring long-term success and for monitoring and evaluating the management’s performance. The size and composition of the board should reflect the scale and complexity of the securities brokers’ business.
2. The Board is encouraged to have a balance of executive and non-executive directors, with the requisite skills, competence, knowledge, and experience.
1.The board should set the strategic objectives and ensure that necessary financial and human resources are in place for meeting those objectives. The board shall further ensure that significant policies have been formulated on the following issues, among others:
a. governance, risk management and compliance issues;
b. customer relations including customer awareness and a mechanism and timeline tier handling/resolving their complaints/grievances; and
c. segregation of customer assets from securities brokers’ assets. Board shall formulate and ensure adoption of a code of conduct/code of ethics to promote integrity of its business, its board, its employees and its accredited representatives, with special emphasis on measures for curbing any market manipulative activities such as front running, insider trading and other market abuse.
2.The board shall devise an effective whistle-blower mechanism enabling all stakeholders, including employees and accredited representatives, to freely communicate their concerns about any illegal or unethical practitioners. The board would ensure that the interest of a whistle-blower is not prejudicially affected.
3.The board shall appoint a Chief Executive Officer (CEO) to lead the management team, and exercise executive authority over operations of the company.
4.Any casual vacancy occurring on the board shall be intimated immediately to the securities exchange. The board shall strive to fill such vacancy on the board as soon as possible. The board is encouraged to obtain fidelity insurance against risk of misconduct, negligence or frauds committed by the officials of securities brokers.
1.The board should set the strategic objectives and ensure that necessary financial and human resources are in place for meeting those objectives. The board shall further ensure that significant policies have been formulated on the following issues, among others: The board shall meet at least once in every six months and be provided with appropriate and timely information provided that a securities broker licensed under the Trading Only category may comply with the above requirement on a voluntary basis.
2.The board shall ensure that the minutes of meetings of the board are appropriately recorded.
3.Segregation of customer assets from securities brokers’ assets.
1.The board may define in writing the terms of reference of the various committees, explaining their role and the advisory authority delegated to them by the board. These terms of reference may be reviewed by the board on a periodic basis.
2.The board is encouraged to form an audit committee which should preferably be constituted of independent/non-executive directors. At least one member of the audit committee, where formed, should have relevant financial/accountancy qualification/experience
3.The main responsibilities of the audit committee may include the following:
a.The board shall meet at least once in every six months and be provided with appropriate and timely information provided that a securities broker licensed under the Trading Only category may comply we above requirement on a voluntary basis.
b.The board shall ensure that the minutes of meetings of the board are appropriately recorded.
c.Segregation of customer assets from securities brokers’ assets.
Securities brokers shall have an appropriate and suitably qualified management team commensurate with the size and complexity of its business.