ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has stated that the country’s capital market remains stable despite challenging global economic conditions, highlighting opportunities for new investment.
In a statement, the SECP said that the trend of new listings on the Pakistan Stock Exchange (PSX) is continuing, reflecting investor confidence and market resilience.
The regulator also approved the Initial Public Offering (IPO) of a private tyre manufacturing company engaged in the production of truck and bus radial tyres. This marks the 12th IPO in the current fiscal year.
According to the statement, more than 389 million shares of the company have been offered for sale. The IPO will be conducted through the book-building mechanism.
Under the structure, 75 percent of the shares are reserved for institutional and high-net-worth investors, while 25 percent have been allocated for retail investors.
The SECP noted that despite fluctuations in global markets, including a decline in the KSE-100 index during geopolitical tensions, strong participation from local investors has helped maintain overall market confidence.
