KARACHI: The time for the book building process for sale of 20 per cent shares in Pakistan Stock Exchange (PSX) has been extended for another day. In a statement released on Wednesday, PSX said the Securities and Exchange Commission of Pakistan had allowed extension in time for book building for another day (Thursday). Originally, the bid books were to be kept open for two days, Tuesday and Wednesday.

The stock exchange is offering 140 million shares to High Net Worth/institutional investors at floor price of Rs28.

“Till the close of business on Wednesday, bids of 74.02m shares were received from 67 bidders,” PSX said in its statement.

“Further 26 Institutional and High Net-Worth investors have registered themselves with book runner (MCB Bank Limited) to participate in PSX book building process,” the statement added.

Published in Dawn, June 8th, 2017