KARACHI: K-Electric has successfully concluded the Initial Public Offering (IPO) of Pakistan’s first listed short-term sukuk for retail investors, raising Rs2 billion. The IPO had attracted applications worth over Rs4.4bn, oversubscribing the offer by 2.2 times.

The offering, which closed on Wednesday, saw strong participation from both institutional and retail investors, including over 600 individual applicants. The funds raised will support KE’s operational needs and working capital........

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