Since its inception in December 1997, our equity brokerage operation has enjoyed unprecedented growth. In addition to the KSE, a strong presence in the Islamabad and Lahore stock exchanges has provided great strength and support to this area of our operations. Today as a consequence, ICIBL is on the panel of all the leading local institutional investors in the country. Concurrently, ICIBL caters to foreign institutional investors and has a growing number of individual clients. ICIBL equity operations have an approximate 3% share of the institutional business. ICIBL through its brokerage arm has established itself as a premier equity broker over the past decade. Having won recognition as both the best equity research house, and the best overall brokerage, ICIBL expertise in this area is well recognized.