The Pakistan Stock Exchange (PSX) has facilitated companies in raising investment and debt worth over Rs80 billion from institutional, individual, and retail investors in the current fiscal year ending June 30.
Most companies raised funds for expansion of their production capacities as low interest rates in the country encouraged investors to finance expansions in expectation of a better return in future.
“The investment in companies was backed by a turnaround in the national economy, which entered into a growth model from the stabilization stage during the outgoing fiscal year 2020-21,” Arif Habib Limited Head of Research Tahir Abbas said while talking to The Express Tribune.
Data breakdown suggests that the PSX saw eight companies engage in book building (Dutch auction) and initial public offering (IPO) and raise a record high investment totaling around Rs20 billion in FY21.
