ALCHEMY APPOINTED ADVISORS ON RISK MANAGEMENT AT KARACHI STOCK EXCHANGE
21st November 2006


Karachi, Pakistan – Alchemy Associates / Alchemy Technologies announced today that it has been appointed as an advisor on risk management and product development at Pakistan’s largest bourse, the Karachi Stock Exchange (KSE).

Karachi Stock Exchange is the most liquid exchange in Pakistan and is in its 4th year of being one of the Best Performing Markets of the world, as declared by the international magazine “Business Week”. As of June 30, 2006, 658 companies were listed with a market capitalization of Rs. 2,801.182 billion (US $ 46.69).

Alchemy is a boutique risk management firm with customers in Pakistan, Middle East and Thailand that has been growing at more than 100% a year, year on year for the last four years. The company’s flagship product, the “Alchemy Risk Manager” has won multiple industry awards and has been successfully implemented at multiple client sites including banks and insurance companies.

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For additional information about the firm, please contact:

Jawwad Farid / Uzma Salahuddin
Alchemy Associates / Alchemy Technologies
241-2C, Block 2, P.E.C.H.S.
Karachi-75400, Pakistan
Tel: +92 21 455 6431
Fax: +92 21 455 6447
Email: jawwad@alchemya.com, uzma@alchemya.com
Website: http://www.alchemya.com

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