Trends - IPO - Business Recorder

IPO

Fast Cables IPO: funds to be used for capacity expansion, says MD

The book-building process of Fast Cables Limited’s initial public offering (IPO) will take place on May 15 and 16 as...

Updated 14 May, 2024 09:21pm

Business & Finance

IPO oversubscribed: IPAK raises Rs1.77bn in book-building process

KARACHI: The book-building process of International Packaging Films Limited’s (IPAK) Initial Public Offer (IPO) ...

Published 10 May, 2024 04:17am

Business & Finance

International Packaging Films Ltd IPO’s book- building starts today

KARACHI: International Packaging Films Limited IPO’s book building phase will be held on May 08 and 09, 2024 where...

Published 08 May, 2024 06:43am

Life & Style

Spain’s fashion and beauty group Puig poised for IPO

MADRID: The iconic Nina Ricci, Paco Rabanne and Jean-Paul Gaultier labels make their market debut Friday as Spanish...

Published 03 May, 2024 11:43pm

Business & Finance

TPL REIT Fund I: CEO Ali Asgher says optimistic about IPO’s prospects

KARACHI: Ali Asgher, CEO of TPL REIT Management Company Limited (RMC) Ltd, expressed confidence that the Initial...

Published 02 May, 2024 04:58am

Business & Finance

70.1m shares to be floated: IPAK intends to raise Rs1.47bn through IPO

KARACHI: International Packaging Films Limited intends to raise Rs 1.47 billion by issuing 70.1 million shares to ...

Published 27 Apr, 2024 05:03am

Business & Finance

IPO to celebrate World IP Day tomorrow

ISLAMABAD: The annual World Intellectual Property Day, observed on April 26, is set to focus on the theme “IP and...

Published 25 Apr, 2024 03:05am

Business & Finance

Another Dubai IPO: Spinneys’ public float ‘could help bring other IPOs to fruition’

Spinneys, an operator of 75 grocery retail supermarkets in the UAE and Oman, announced plans to proceed with an...

Updated 17 Apr, 2024 02:36pm

World

Chinese firms’ fundraisings in limbo as IPOs scrutinised at home and abroad

SHANGHAI/HONG KONG: Chinese companies are staring at the prospects of a drought of new equity capital as tougher...

Published 29 Mar, 2024 04:45am

New imported cars/vehicles: MoC takes step to help avert detention by Customs at ports

ISLAMABAD: The Commerce Ministry has issued notification by amending Import Policy Order (IPO), 2022, to declare...

Updated 29 Mar, 2024 09:54am

Business & Finance

Secure Logistics IPO’s book-building phase to begin today

KARACHI: Secure Logistics Group Limited IPO’s book building phase will be held on 27th and 28th March 2024, where...

Published 27 Mar, 2024 04:38am

Markets

Secure Logistics Group eyes raising at least Rs600mn through IPO

Pakistan’s Secure Logistics Group Ltd (SLG) is planning an initial public offering (IPO) at the Pakistan Stock...

Published 23 Mar, 2024 11:40pm

Business & Finance

With Dubai Taxi Company and Parkin, IPOs in emirate are booming: what’s next?

The past few months have seen the Dubai government sell stakes in two of its entities - Dubai Taxi Company (DTC) and...

Updated 20 Mar, 2024 05:54pm

Business & Finance

BankIslami announces completion of IPO, listing of BankIslami Ehad Sukuk II

KARACHI: BankIslami has announced the successful completion of the Initial Public Offering (IPO) and the listing of...

Published 16 Mar, 2024 06:26am

Markets

Dubai to sell 25% stake in public parking business via IPO

Parkin, which expects to make its bourse debut next month, booked revenue of 779 million dirham ($212.1 million) in 2023

Published 27 Feb, 2024 03:37pm

New imported vehicles: IPO amended

ISLAMABAD: The government has amended Import Policy Order (IPO), 2022, to declare that new imported new cars/...

Updated 26 Feb, 2024 09:47am

Markets

PSX’s market cap can hit $330bn if minority shareholders are ‘protected’: AKD

KARACHI: In Pakistan, Ponzi schemes, scams, and illegal loan apps get more attention than companies at the stock...

Updated 25 Jan, 2024 10:53am

Business & Finance

Corporate sector: ‘IPOs streamline process to increase capital’

KARACHI: The IPO Summit 2024 was held in order to outline the steps that could help stabilize the country’s economy....

Published 23 Jan, 2024 05:14am

Opinion

IPO Summit 2024

The following is the full text of the speech of MD and CEO, Pakistan Stock Exchange Farrukh H. Khan that he made at...

Published 22 Jan, 2024 05:37am

Opinion

PSX IPO Summit 2024: Empowering the future of capital markets

The following is the full text of federal minister for finance, revenue and economic affairs Dr Shamshad Akhtar’s...

Published 21 Jan, 2024 03:10am

Business & Finance

Growth rebounds in positive trajectory following reforms: Shamshad

KARACHI: Caretaker Finance Minister Dr Shamshad Akhtar on Saturday said despite challenges there has been...

Published 21 Jan, 2024 03:10am

Markets

Emaar, CCL Pharma and other companies exploring IPO option at PSX

KARACHI: Emaar Pakistan, the subsidiary of Dubai-based Emaar Properties, Pakistan’s multinational pharma company...

Updated 21 Jan, 2024 11:41am

Markets

Pakistan economy to grow by 2-2.5% this year, says Dr Shamshad

Agriculture sector expected to grow by 5.6%, says caretaker minister

Updated 20 Jan, 2024 08:00pm

Markets

Secure Logistics Group plans IPO, eyes raising at least $2.7mn: report

Pakistan’s Secure Logistics Group Ltd (SLG) is planning an initial public offering (IPO) ) at the Pakistan Stock...

Updated 05 Jan, 2024 06:11pm

Markets

India’s IPO momentum seen growing on prospects of political stability

MUMBAI: Hopes of policy stability in India after victories for Prime Minister Narendra Modi’s ruling party in key...

Published 02 Jan, 2024 05:21am

Pakistan

IPO Chairman visits UVAS

LAHORE: Chairman Intellectual Property Organization of Pakistan Farrukh Amil along with Deputy Director Public...

Published 20 Dec, 2023 06:00am

Business & Finance

IPO: Dubai Taxi Company shares surge over 19% on first day of trading

CEO says record-breaking demand for IPO, which was 130 times oversubscribed, reflects strength of DTC's investment proposition as Dubai’s largest mobility company

Published 07 Dec, 2023 06:59pm

Markets

2023: PSX sees just one IPO so far

KARACHI: Pakistan market (PSX) saw just one IPO in 2023, with a meagre Rs 435 million of funds raised. This was ...

Published 07 Dec, 2023 04:35am

Business & Finance

Change of status approved by SSGCL board

KARACHI: The Board of Directors of Sui Southern Gas Company Limited (SSGCL) has approved the resolutions that the...

Published 07 Dec, 2023 04:35am

Aspen chooses NY over London for $4bn IPO: FT

LONDON: Aspen Insurance is targeting its $4 billion initial public offering next year in New York instead of London...

Updated 04 Dec, 2023 08:47am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 16	278.55
USD PKR Interbank Buying / May 16	278.25
USD to Japanese Yen / May 16	155.81
USD to Swiss Franc / May 16	0.91
Pound Sterling to USD / May 16	1.27
Euro to USD / May 16	1.09

Stock	Volume
S&P 500 / May 16	5297.10
India Sensex / May 16	73663.72
Tokyo Nikkei / May 16	38697.69
Nasdaq / May 16	16698.32
Hang Seng / May 16	19535.72
FTSE 100 / May 16	8438.65
Dow Jones / May 16	39869.38
Germany DAX 30 / May 16	18738.81

Item	Value
Crude Oil USD/Barrel / May 16	79.42
Karachi Cotton PKR/37.32 KG / May 16	19935
Gold 10 Grams PKR / May 16	210562
Gold Spot USD/Ounce / May 16	2377.52
Cotton US¢/pound / May 16	76.26
Petrol/Litre / May 17	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 17 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 17 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 17 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 17 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 17 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 17 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 17 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 17 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 17 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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