Staff Reporter
Karachi
Pakistan Stock Exchange (PSX) held a gong ceremony yesterday upon listing of Agha Steel Industries Limited (ASIL) at the Stock Exchange. This is a significant development for PSX as this is the third listing for the fiscal year 2020-21. The listing takes place after the successful IPO of Agha Steel Industries Limited which was the largest IPO in the steel sector of the country.
The gong ceremony was attended, among others, by Mr. Sulaiman S. Mehdi, Chairman of PSX Board along with other Board Members; Mr. Farrukh H. Khan, CEO PSX; Mr. Hussain Agha, CEO of Agha Steel Industries Limited; Mr. Shahid Ali Habib, CEO of Arif Habib Limited who were the Lead Manager & Book Runner to the Issue; and senior management of these organisations.
Speaking at the occasion, the CEO of Pakistan Stock Exchange, Mr. Farrukh Khan, said, “I would like to congratulate Agha Steel on their highly successful IPO and welcome them to PSX. The successful IPO and listing of Agha Steel Industries Limited again demonstrates the depth and liquidity in our capital market for good companies.
This is the third listing of a company on Pakistan Stock Exchange for the fiscal year 2021. We are expecting more listings on the boards of the Exchange in the near future. We are confident that with the simplification of rules for listing on the GEM board of PSX recently, medium sized growth enterprises will come forward for listing as well”.
Talking about the listing of his company on Pakistan Stock Exchange, the CEO of Agha Steel, Mr. Hussain Agha, said, “It’s an honor and a privilege to get listed at PSX, I would like to take this opportunity to thank all the partners involved for the confidence they have shown in Agha Steel Industries.
