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.

 

• Assembly of laptops, and marketing of desktops and servers. The only Pakistani branded computer company

  • Largest IT company in Pakistan with sales in excess of PKR1bn
Threesixtydegreez
  • Provides technology solutions translating client's business objectives into optimized business processes
  • Over 100 technology professionals and 30 corporate clients
Converge Technologies
  • Mobile content delivery innovator, offering out of the box marketing platforms based on novel telecommunication solutions
  • Clientele includes prestigious names like HBFC and Motorola
AllAgro (Pvt.) Limited
  • Engaged in cultivation and trading of fruits, vegetables, cash crops, grains, dairy farming, cattle farming and fish farming
  • Plans to enter into meat processing and manufacturing of value added dairy products
Besides ownership and strategic management of the above companies, Ali has served as Director on the Board of the following renowned organizations:
  • Karachi Stock Exchange (Guarantee) Limited
  • Engro Chemicals Pakistan Limited
  • Dawood Bank Limited (now renamed to Atlas Bank Limited)
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.