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| Fortune
Overview |
Fortune
Securities Ltd (FSL) is a corporate member, Karachi
Stock Exchange (Guarantee) Ltd., Pakistan’s
largest stock exchange. It was incorporated in
1995, as an unlisted public limited company and
has been providing agency broking services to
domestic investors for over a decade. Company
underwent a management change in March’07,
with majority stake acquired by Muhammad Ali Ghulam
Muhammad (Ali).
Ali hardly needs an introduction in the world
of stock broking. He is an MBA, from the Institute
of Business Administration, Karachi, Pakistan.
After working with Citibank and Smith New Court
in London during early days of his professional
career, Ali finalized a joint venture in 1994
in Pakistan with Indosuez W. I. Carr Securities,
Asian brokerage arm of Credit Agricole, one of
the largest French banks in the world. During
Ali’s 7 year tenure as the CEO, the company
carved a niche for itself as a premium institutional
broking outfit, servicing both domestic and international
clients. He then decided to change his focus from
pure stock brokerage to entrepreneurship of a
diversified array of businesses, which includes
the following:
Inbox Technologies (Pvt.) Ltd. |
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Assembly of laptops, and marketing of desktops
and servers. The only Pakistani branded
computer company
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• Largest IT company in Pakistan with
sales in excess of PKR1bn |
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| Threesixtydegreez
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• Provides technology solutions translating
client's business objectives into optimized
business processes |
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• Over 100 technology professionals
and 30 corporate clients |
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| Converge
Technologies |
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• Mobile content delivery innovator,
offering out of the box marketing platforms
based on novel telecommunication solutions |
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• Clientele includes prestigious names
like HBFC and Motorola |
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| AllAgro
(Pvt.) Limited |
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• Engaged in cultivation and trading
of fruits, vegetables, cash crops, grains,
dairy farming, cattle farming and fish farming |
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• Plans to enter into meat processing
and manufacturing of value added dairy products |
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| Besides
ownership and strategic management of the above companies,
Ali has served as Director on the Board of the following
renowned organizations: |
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Karachi Stock Exchange (Guarantee) Limited |
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• Engro Chemicals Pakistan Limited |
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• Dawood Bank Limited (now renamed to
Atlas Bank Limited) |
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Following
the change in ownership at FSL, experienced and
well qualified management is now at the helm which
while continuing to strengthen the company’s
retail client base, is enhancing the firm’s
institutional broking focus. Fortune aims at providing
a full range of services to its retail, corporate
and institutional clients both within and outside
Pakistan. While adhering to strict ethical standards,
FSL intends to achieve product and operational excellence
through the quality of its people, the breadth
and depth of its resources, service and
product commitment. |
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