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PSX

With 11 IPOs, PSX Adds 170,597 New UINs in 11 Months of FY2026

A total of 170,597 new UINs were registered during the first 11 months of FY2026, reflecting growing investor participation in Pakistan’s capital market. The Pakistan Stock Exchange (PSX) also recorded 11 IPOs, raising PKR 18.39 billion, the third-highest IPO activity in the past 25 years, with Servis Long March becoming the decade’s largest IPO at PKR 7.775 billion. The KSE-100 Index delivered a 42.02% return as of June 29, 2026. Other milestones included a record PKR 57.17 billion average daily trading value, PKR 21 trillion market capitalization, and the launch of the T+1 settlement cycle, making Pakistan the eighth country globally to adopt the system.

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Global Markets

Sazgar Reveals ARCFOX Plans in PSX Filing

Sazgar Engineering Works Limited plans to introduce ARCFOX, the electric vehicle brand of China’s BAIC Group, in Pakistan, according to a disclosure to the Pakistan Stock Exchange. ARCFOX has engineering and technology collaborations involving Magna and Huawei. The disclosure signals a potential addition to Pakistan’s electric vehicle market, but the details provided do not specify a launch date, models or prices.Sazgar Reveals ARCFOX Plans in PSX Filing

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PSX

SE Fruits IPO Price Could Reach Rs64

SE Fruits and Vegetable Limited’s IPO book-building portion was fully subscribed within two hours of opening, reflecting strong investor demand. Bidding will continue until September 22, after which the final strike price will be determined. The company is offering 30 million ordinary shares, equivalent to 32.01% of its post-IPO paid-up capital. The IPO has a floor price of Rs40 per share, while the strike price can rise by up to 60% to a maximum of Rs64, subject to demand during the book-building process.

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PSX

QistBazaar Completes PKR 500m Sukuk

Dada Partners (Private) Limited acted as exclusive financial adviser to QistBazaar on its PKR 500 million unrated, privately placed Sukuk. The landmark transaction introduces a Shariah-compliant capital-market structure for Pakistan’s buy-now-pay-later fintech sector and represents the first issuance in a planned Sukuk series. Dada Partners managed the process from concept development and structuring to marketing, investor engagement, subscription and disbursement. Leading corporate and high-net-worth investors fully subscribed to the issuance through a dedicated private-placement fund vehicle.

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