Karachi July 01 2021: Pakistan Stock Exchange (PSX) provided platforms to the companies to raise more than PKR80 billion during the current fiscal year, as per report published by Arif Habib Limited.
This is highest equity raising ever at Pakistan Stock Exchange with highest number of transactions of 14 in this fiscal year
Eight companies raised an amount of PKR20 billion through Initial Public Offering (IPO). Pakistan Aluminium and Beverages (PSX : PABC), Can supplier to CocaCola and Pepsi, raised the highest ticker amount of PKR4.6 billion among IPOs. Agha Steel Industries (PSX : AGHA), a steel rebar manufacturer, remained on the second spot with fund raising of PKR3.8 billion.
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Shell tops the list with equity raising of PKR11.6 billion from Pakistan Stock Exchange
Around 24 companies issued Rights during the fiscal year 2021 through which they raised an amount of approximately PKR50 billion. Highest amount of PKR11.6 billion was raised by Shell Pakistan Limited (PSX : SHEL) in this category. Fauji Fertilizer Bin Qasim Limited (PSX : FFBL) raised an amount of PKR5 billion followed by PKR4.7 billion and PKR4.5 billion fund raising of The Searle Company Limited (PSX : SEARL).
Bank Alfalah Limited (PSX : BAFL) raised an amount of PKR11 billion through issuance of Term Finance Certificate.
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