Byco Petroleum stated that it ‘strongly denies’ the accuracy of the information stated in above mentioned WhatsApp circulation, clarifying that it does not reflect the factual position on the matter.
On June 30, 2020, the market capitalization was Rs6,529.707 billion was 5.19 percent lower than June 30, 2019 market capitalization of Rs6,887 billion.
PSX witnessed four IPOs (including are preference share listing) during this year in spite of the COVID-19 outbreak, where the cumulative amount raised clocked in at Rs 8.4bn.
The IPOs were witnessed in sectors like steel, meat processing, telecom and chemicals.