Karachi: Merely four companies raised capital through Term Finance Certificates (TFCs) namely, Askari Bank, Summit Bank, Engro Corporation and Pakistan Mobile Communication, raising theĀ accumulated capital of Rs 6.4 billion in financial year 2011-12.
On the similar side, the equity markets stood feasible for Initial Public Offering (IPOs) as four companies go public by listing their shares on KSE during FY12 compared to only two IPOs witnessed in FY11.
Cumulatively (including book-building exercise), a sum of Rs888 million was raised in FY12 through bourses vs. Rs1.17bn in FY11. Out of four IPOs, one each belonged to the food producers and insurance sectors and two belonged to the services sector.
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