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WEEKLY
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| First listing at KSE this year |
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Thursday, October 08, 2009
By our correspondent
KARACHI: Nishat Power was formally listed at the Karachi Stock Exchange on Wednesday, marking the first listing of any company in the market this year.
Nishat Group’s Chairman Mian Mohammad Mansha rang the gong at 9:30am, commencing the formal listing and trading of shares in Nishat Power at the KSE, said a press statement issued by the bourse.
He said: “We are grateful for the immense support received from the KSE management for getting required approvals on time to be able to launch this IPO (initial public offering),” the statement added.
KSE Managing Director Adnan Afridi said: “It is a pleasure to host the first IPO of the year 2009 at the KSE. We are pleased that the KSE is involved in raising capital for the Nishat Group in the power sector as this is a critical requirement for addressing the country’s energy deficit.”
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ISSN 1563-9479 
