BMA is amongst the leading financial groups in Pakistan. BMA Capitals core areas of business include Equity Markets, Treasury Markets, Corporate Finance & Advisory, Research, and Retail Brokerage. BMA Capital is the leader in privatization advisory in Pakistan, having successfully advised on over 50% of all privatizations in Pakistan, by value, in transactions valued in excess of US$4 billion. Recent transactions include joint lead managing the $813 million GDR Offering of 10% of OGDCL on the London Stock Exchange in 2006-07, and advising Etisalat on their successful acquisition of a 26% strategic stake in Pakistan Telecommunications Company Limited (PTCL) for US$2.6 billion, the largest M&A transaction and foreign direct investment in Pakistan history. The firm is among the top brokers in the Pakistan equity and treasury markets, and is among a handful of firms that comprehensively cover all segments of the capital markets. This is supported by a very strong and independent research capability, which is quoted regularly in both local and international media.