Karachi: Mughal Energy Limited celebrated listing on GEM Board of Pakistan Stock Exchange (PSX). Investors and business leaders gathered to mark significant milestone in company’s history. MD PSX Farrukh H. Khan and CEO LSE Capital, Aftab Chaudhry attended. J

amshaid Iqbal Director of Mughal Group highlighted importance of this achievement. He extended heartfelt thanks to Farrukh H. Khan and his team, Aftab Chaudhry and LSE Financial Services team and all investors who contributed to successful IPO.  He hoped Mughal Energy’s listing would inspire more companies to seek capital investment through GEM Board, contributing to Pakistan’s economic development.  Chairman of Securities and Exchange Commission of Pakistan highlighted high potential of GEM Board to provide an alternative listing venue. He underscored SECP’s efforts to energise GEM counter and invited stakeholders to participate in consultation process for making GEM as regular contributor for promoting listings of SME companies. Aftab Chaudhry CEO of LSE Capital said that although LSE Capital had mostly been working on restructuring assignments but Mughal Energy’s transaction is first solo assignment undertaken by LSE Capital. He projected that during upcoming fiscal years 2024-25, LSE Capital would bring about 4-5 new listings to market.