Posted: April 18th, 2005 | Author: StockPK Team | Filed under: News | Tags: KSE, OGDC
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The KSE is expected to constitute a new 30-company sensitive index comprising free float scrips from May.
After the press conference of Managing Director Moin Fudda here on Wednesday, KSE Deputy General Manager Zafar Abdullah said that the management has almost completed the exercise of constituting a new index for the local bourse.
He said that the new index is likely to start working from May and would be comprised of 30 companies and would reflect the movement of the listed companies. The main criteria of this sensitive 30-company index would be free float of scrips.
Posted: February 1st, 2005 | Author: StockPK Team | Filed under: News | Tags: IPO, Kapco, KESC, Kot-Addu, OGDC, Pakistan, PPL
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Pakistan will hold an initial public offering of up to 20 per cent of shares in regional power firm Kot Addu Power Co (KAPCO) next month at a price of Rs30 per share, the Privatisation Commission (PC) said on Monday.
The government will offer 88.025 million shares, or 10 per cent of the total, with a green shoe option of another 10 per cent, in lots of 500 from Feb 7, the Commission said in a statement.
It plans to raise as much as Rs5.28 billion ($88.8 million) from the sale. The IPO has been delayed twice. It was initially planned for October, then pushed back to the end of December.
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