ISLAMABAD, Jan 14: Privatization and Investment Minister Dr Abdul Hafeez Shaikh will inaugurate the formal trading of OGDCL shares after formal listing at the Islamabad Stock Exchange on January 19.

According to a handout issued here on Wednesday, the listing of OGDCL shares has increased market capitalization by more than Rs170 billion, which translates to about $3 billion. In terms of volume, it has been the highest traded stock during the last few sessions.

The OGDCL share is sure to make a place in the KSE-100 Index in its next revision and will continue to be one of the most heavily traded stocks in the market keeping in view the float available with common investors.

OGDCL is a big step towards the deepening and broadening of the stock markets and the heavy response from investors gave a clear indication of the excess liquidity available.