DARSON SECURITIES LIMITED

TREC HOLDERPakistan Stock Exchange Limited (PSX)Pakistan Mercantile Exchange Limited (PMEX)

UAN: +9221 111 900 400WEB: www.darson.com.pk

RESEARCH PROFILE

Darson Research covers more than 50 companies, which accounts for more than 70% of market capitalization.

1. Economy2. Banks ( ABL, AKBL, BAFL, BAHL, BOP, FABL, HBL, HMB, MCB, NBP and UBL )3. Oil & Gas ( OGDC, POL and PPL )4. OMC’s ( PSO, APL and HASCOL )5. Fertilizer ( EFERT, ENGRO, FATIMA, FFC and FFBL )6. Chemicals ( EPCL and LOTCHEM )7. Cement ( ACPL, CHCC, DGKC, FCCL, KOHC, LUCK, MLCF and PIOC )8. Steel ( ASL, ASTL, ISL and MUGHAL )9. Power ( HUBC, KAPCO, NCPL and NPL )10. Textile ( NCL and NM )11. Autos ( HCAR, INDU, PSMC, AGTL, MTL )12. Pharma ( AGP, SEARL and FEROZ)13. Misc. ( GHGL, PIBTL and TGL )

OVERVIEW

Our aim is to determine appropriate investment objectives for one’s needs & preferences with in one’s risk and return profile. Devising an investment strategy within the framework of capital market expectations and economic forecasts in order to have an optimal asset allocation.

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RESEARCH COVERAGE

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RESEARCH PRODUCTS

DAILY, MONTHLY & TECHNICAL REPORTS DETAILED REPORTS, BUDGET COVERAGE & FLASHNOTES

Morning Update Evening Update Technical Outlook

Monthly Review and Updates

Budget Coverage / Strategy

Flash Note / Briefings

Economy Update

Detailed Coverage

Company Update

REPORTS PUBLISHED DURING FY19 and FY20

Details of research reports distributed during FY’19

Particulars1. Daily Reports (Morning Update, Technical Outlook and Evening Reports) - 300 reports2. Detailed Reports - 05 reports3. Weekly / Monthly Reports - 12 reports4. Other Reports - 31 reports

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Details of research reports distributed during FY’20

Particulars1. Daily Reports (Morning Update, Technical Outlook and Evening Reports) - 300 reports2. Result Review/Previews - 58 reports3. Detailed Reports - 03 reports4. Daily Research Notes - 89 reports5. Strategy/Budget Coverage - 03 reports6. Weekly / Monthly Reports - 12 reports

Darson Securities is proud to house a fully functional research department comprised of talented team backed by data base staff. Here is a brief introduction of ourteam members.

YOUSUF SAEED (Head of Research)Yousuf Saeed has over 6 years of experience in sell side Equity Research and Investment. Prior to joining Darson Securities, he worked for Abbasi Securities asResearch Analyst. During his working tenure he covered different sectors including Banks, Oil & Gas and Economy. He holds a MBA degree in Finance from IqraUniversity and enrolled for CFA Level III Exam (Dec-2020).

MINHAL H. MAQBOOL, ACCA (Research Analyst)Minhal H. Maqbool has over 7 years of experience in Financial Planning, Budgeting, Sell Side Equity, Compliance and Audit. Prior to joining Darson Securities, heworked for M-Tec Edifice (Private) Limited as Manager – Finance (Planning & Budgeting). During his working tenure he has worked on financial feasibility of Greenand Orange Line, Karachi worth PKR 16 Billion and Live Stock Tagging Pilot Project worth PKR 5 Billion. He is an ACCA member since 2014 and a CFA qualified sinceJune 2017.

YASIN MUHAMMAD HANIF (Research Analyst)Yasin is presently working as an Equity Research Analyst and covers the Cement & Automobile Sector. He has more than 2 years experience in the investmentindustry. Prior to joining Darson, he was leading the research and finance division of Arif Habib Commodities. He is a graduate of Iqra University.

MAMOONA ASGHAR (Research Analyst)Mamoona is presently working as an equity research analyst at Darson Securities. She is an ACCA (Affiliate), holds BSc in Accounting and Finance from Oxford BrookesUniversity and currently she is CFA level II Candidate. She has more than 2.5 years of diversified experience in internal audit, external audit and credit rating. Prior tojoining Darson, she has worked for PACRA, Ernst & Young and Parker Randell.

IQRA MOHAMMAD NADEEM (Trainee Analyst)Iqra is presently working as an Equity Trainee Analyst, she earned her degree in BS Commerce major Finance from Karachi University, certified trainer from school ofleadership, certified SAP FI and CO consultant and Excel Financial Advanced from IBPD. She is a fresh graduate in securities field and completed her final year researchbased project that specializes on the influence of lubricant content on equity market.

RESEARCH ANALYSTS PROFILES

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TECHNICAL ANALYST

DILAWAR JAWEDDilawar joined Darson Securities in June 2002 where he performed different administrative and operational roles. He was elevated as Branch Manager Gujranwala inMay 2019. Currently he is responsible for Technical Analysis at Darson securities. Mr. Dilawar holds vast professional technical experience with an ability to forecastfinancial market. He is Bachelor of Commerce from Punjab University Lahore.

DATA BASE OFFICER

IMRAN SHAFIQUEImran Shafique joined Darson Securities in November 2017 as Database Officer. Imran has over 15 years of industry knowledge and multiple work experience ofrenowned brokerage and research firms in Pakistan.

RESEARCH ANALYSTS PROFILES

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CORPORATE OFFICE

Karachi:Room # 808, Business & Finance Centre, I. I. Chundrigar Road, Karachi

UAN: 92-21 111 900 400 Fax: 92-21 32471088

Lahore:102, 1st Floor, Lahore Stock Exchange, Aiwan-e-Iqbal Road, Lahore

Tel: 92-42 36366655, 36317111 Fax: 92-42 3631429

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