Wednesday, April 22 2026

IPO at PSX: Wahdat Poultry’s stock price surges 50% to Rs18 per share
Wahdat Poultry Farm Limited’s share price surged by the maximum allowed increase of 50%, hitting upper limit of Rs18 per share on the first of two-day Dutch bidding (book building) process at the Pakistan Stock Exchange (PSX) on Tuesday, according to lead manager of the issue of the shares Topline Securities. The bidding had opened at the minimum (floor) offered price of Rs12 per share. The book building process would culminate on Wednesday (April 22). At the determined strike price of Rs18 per share, the poultry firm would raise a total of Rs955.84 million through selling 53.10 million shares against a minimum target of Rs637.23 million – if the allocated shares were sold at the floor price of Rs12 per share. Out of the allotted 53.10 million shares, the firm has announced to sell 70% shares to institutional and high-net worth individual investors through the book building process on Tuesday and Wednesday.
Related news categories: business economic-indicators investment-copr psx stock-exchanges

Monday, March 30 2026

Engro Holdings board proposes buyback of up to 45mn shares
Engro Holdings Limited, one of Pakistan’s largest conglomerates, has announced plans to buy back up to 45 million of its ordinary shares, representing approximately 3.73% of its total outstanding shares. The development was observed in a notice to the Pakistan Stock Exchange (PSX) on Monday. The company intends to purchase the shares through the PSX at the current market price, in line with the Listed Companies (Buy-Back of Shares) Regulations, 2019. “The purchase of shares shall be made in cash and shall be out of the distributable profits as required under Section 88(8) of the Companies Act, 2017,” read the disclosure. According to the disclosure, the buyback will be executed over a period from May 7, 2026, to October 25, 2026, or until completion, whichever is earlier.
Related news categories: business economic-indicators investment-copr psx stock-exchanges
Related symbols: engroh (news stock)