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KSE approves formal listing of ISL

KARACHI : The Karachi Stock Exchange (KSE) has approved the formal listing and quotation of shares of International Stee
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By Imad Uddin

kseKARACHI: The Karachi Stock Exchange (KSE) has approved the formal listing and quotation of shares of International Steels Ltd (ISL) on completion of all relevant listing requirements.

According to KSE here on Friday, the trading in the shares of ISL will commence from June 3.

The market price of one share will Rs10 each while the opening price will be Rs14.06 per share as determined through book building process.

The shares of the company had already been declared as eligible shares by the Central Depository Company Ltd (CDC).

 

Copyright APP (Associated Press of Pakistan), 2011

 

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