ABHI Microfinance Bank raised Rs2.046bn through an IPO at Rs15.50 per share on the PSX.

ABHI Microfinance Bank Limited raised Rs2.046 billion through an initial public offering at the Pakistan Stock Exchange, with the share price increasing 3.33% to Rs15.50 per share.

Possible impact on PSX shares

• PSX Pakistan Stock Exchange Limited▲ Could be positive

  Successful equity IPOs may support revenue for Pakistan Stock Exchange Limited by generating listing fees and encouraging higher market trading volumes.

  Price when this was written: Rs 41.48 · Live price, chart and results

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Business Recorder: ABHI raises Rs2.046bn through IPO at Rs15.50/share