KARACHI: The Pakistan Stock Exchange (PSX) on Monday held a gong ceremony to mark the listing of Agha Steel Industries Limited (ASIL) at the exchange. The listing took place after Agha Steel’s successful IPO, which was the largest in the country’s steel sector. Speaking on the occasion, PSX CEO Farrukh Khan said, “I would like to congratulate Agha Steel on their highly successful IPO and welcome them to the exchange. The successful IPO and listing of Agha Steel again demonstrates the depth and liquidity in our capital market for good companies.”He noted that this was the third listing of a company on PSX in the fiscal year 2021. The total amount raised through the IPO was Rs3.84 billion as against the target of Rs3.60 billion, making it the largest steel sector IPO and second largest private sector IPO of Pakistan.

Source: Pakistan Today November 02, 2020 15:45 UTC