About us


Alfalah CLSA Securities occupies a sweet spot being backed by one of the largest banks in Pakistan, Bank Alfalah Limited and, by Asia’s leading Capital Markets & Investment Group, CLSA Limited.



Alfalah CLSA Securities (formerly Alfalah Securities (PVT) Ltd) is a subsidiary of Bank Alfalah Limited (‘BAFL’), the 5th Largest Private Bank in Pakistan and is also the 2nd Largest Islamic Banking Window in Pakistan. BAFL is backed by strong shareholders i.e. the Abu Dhabi Group and International Finance Corporation (“IFC”).


BAFL (www.bankalfalah.com)  has over 650 branches in more than 200 cities in Pakistan and also has an international presence in Bangladesh, Bahrain & U.A.E. Bank Alfalah provides consumers, corporations, institutions and governments with a broad spectrum of financial products and services, including corporate and investment banking, consumer banking and credit, securities brokerage, commercial, agricultural, Islamic and asset financing.


In 2018, CLSA – Asia’s leading Capital Markets & Investment Group (www.clsa.com) bought a 25% equity stake in Alfalah Securities, renaming and rebranding the company Alfalah CLSA Securities (Pvt.) Limited. CLSA is Asia’s most regionally connected & leading Capital Markets & Investment Group backed by CITIC Securities, China’s largest investment bank and securities firm


As part of the CITIC Group, one of China’s largest conglomerates operating across more than 20 industries, CITIC Securities is connected to some of the most dynamic companies in China. As these companies seek capital for expansion domestically or internationally, CITICS and CLSA are best placed to support their needs.


CLSA’s global network of 21 offices spans Asia, Australia, Europe and the United States. Over 30 years, CLSA has built an unrivalled Asia network which spans 14 markets in Asia, complemented by the global reach of our offices in Europe and the United States. The result is a unique ability to deliver insights, liquidity and capital to clients across the globe.


Alfalah CLSA Securities is one of the Largest Institutional brokers with one of the largest international broker dealer networks in Pakistan. Taking advantage of BAFL & CLSA , we provide a full spectrum of services which include: Investment Banking, Capital Markets, Equity Brokerage, Research, Islamic Banking, Corporate Banking, Merchant Banking, etc.


Investment Banking

AFCLSA team members have successfully executed & been involved in landmark transactions in multiple sectors worth more than US$ 2.5 billion. AFCLSA offers a diversified product offering with tailor–made solutions for each client


Equity Brokerage

AFCLSA’s Equity Sales desk is vastly experienced in servicing the entire spectrum of investors including Domestic Institutional Investors including Banks, NBFCs, Employees Benefit Funds, Mutual Funds, Foreign Institutional Investors (“FIIs”), Domestic High Net-Worth Individuals (“HNWIs) and Non-Resident Pakistanis (“NRPs).


AFCLSA has recently been the recipient of 3rd Best Brokerage House in Pakistan (2016) by CFA Association of Pakistan (within 6 months of operations).


AFCLSA, being a pure agency broker with no proprietary trading book, ensures utmost emphasis on compliance, provides more transparent and efficient order execution to our clients, order security and the highest ethical standards and also offers FIX Connectivity.


Online Trading e-Falah Trade

Online trading platform of Alfalah CLSA that delivers timely access to the Pakistan Stock Exchange (PSX) without any geographical constraint. Time is of essence. The quicker the better is what we believe in when it comes to executing trading decisions.

Wherever, whenever…… trade at your convenience


e-Falah Trade delivers real time access to the Pakistan Stock Exchange (PSX) as well as provides access to an in-depth research portal; some salient features of our trading platform are:


A Dynamic Research Portal displaying company financials for the last 7 years, including detailed company profile


Search companies through a combination of filters based on indices, sectors, financials, share price and fundamental ratios:


  • Latest PSX announcements
  • Customer support and Call Center for Placing orders & Queries
  • Dedicated Trader for e-Falah Value Account
  • User friendly Desktop & Mobile Trading software
  • Easy Funds Transfer Facility
  • A highly reputable research team that delivers daily investment ideas in your mailbox


Important Research Portal features include:

  • Fundamental Analysis (with last 7 year’s data)
  • Technical Analysis
  • Company Financials (with last 7 year’s data)
  • Sector Market Capitalization with daily change in Sector Market Cap
  • Sector P/E and comparison of financial highlights with peers
  • Share Price Returns for last 6 months and 1 year





AFCLSA is a leading research and analytics provider in Pakistan ensuring premium services and unmatched delivery quality.

Our key strength is the relationships that we have developed with the companies that we cover and the clients that we serve. Our analysts have close contact with major listed companies, trade and industry associations, as well as regulatory authorities and Government ministries.


This allows us to identify changes in macroeconomic, sectorial, and corporate performance trends and assess investment implications

Certificate of Incorporation

Alfalah CLSA Certificate of incorporation


Alfalah CLSA SECP Broker License 2022