ASL was incorporated on 1st Oct 1999, ownership is Askari Bank Limited:74% and Army Welfare Trust 26%. ASL is a corporate member of Karachi Stock Exchange (Member code 150) and Islamabad Stock Exchange (Member code 529).
ASL is a premier corporate brokerage house that serves investment needs of corporate and retail clients in the capital market. ASL is an unlisted public limited company, regulated by the Securities and Exchange Commission of Pakistan, the Karachi Stock Exchange and the Islamabad Stock Exchange. Settlement and Clearing aspects are managed by the National Clearing Company of Pakistan (“NCCPL”). Depository aspects are managed by the Central Depository of Pakistan (“CDC”).