In a year when Pakistan’s equity market has finally rediscovered its animal spirits, no firm better captures the boom than AKD Securities Ltd. The country’s largest brokerage and non-bank advisory house has seen its top line explode as trading volumes surge, valuations rerate and the firm’s own investment book rides the rally.
For the twelve months to June 2025, AKD’s total income more than doubled to roughly Rs5.5 billion, up from about Rs2.7 billion a year earlier. In the first quarter of FY26, the momentum has accelerated further: total income for the three months to September has soared from just over Rs1.0 billion to about Rs3.2 billion, an eye-watering jump of 213% year on year.
Behind those headline numbers lies a classic bull-market mix of fee income from hyperactive clients and spectacular mark-to-market gains from the firm’s own positions. The content in this publication is expensive to produce. But unlike other journalistic outfits, business publications have to cover the very organizations that directly give them advertisements. Hence, this large source of revenue, which is the lifeblood of other media houses, is severely compromised on account of Profit’s no-compromise policy when it comes to our reporting. No wonder, Profit has lost multiple ad deals, worth tens of millions of rupees, due to stories that held big businesses to account. Hence, for our work to continue unfettered, it must be supported by discerning readers who know the value of quality business journalism, not just for the economy but for the society as a whole.To read the full article, subscribe and support independent business journalism in Pakistan
