JSGCL to hold road show in New York

KARACHI: JS Global Capital Limited will hold road show on November 10, 2009 in New York to bring foreign investment in Pakistan.

“Such shows will also be held in Far East in other parts of the world”, Chief Executive Officer (CEO) G.M. Malkani told media persons at a press briefing here on Wednesday.

Highlighting the achievements of JS Global Capital, CEO said that brokerage house has bagged the best brokerage house award from Asiamoney for two consecutive years. Moreover, Management Association of Pakistan (MAP) also declared JS Global as the best equity brokerage house in 2009, he added. He said that despite slowdown in 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 Rs 206 million (EPS Rs.4.12) while many of its competitors dwindled due to economic slowdown, Malakani said. The new financial year has already given a head start to JSGCL as it posted earnings of Rs 165 million in first quarter compared to profits of just Rs 68 million in the corresponding period of last year. Malkani said that to make JSGCL a complete brokerage house, it would also venture into the commodity exchange. staff report

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