September 07, 2020

PSX Holds Gong Ceremony to Mark Issuance & Listing of PHL’s PES II

A memorable gong-striking ceremony was held at Pakistan Stock Exchange to mark the issuance and listing of Power Holding Limited’s Pakistan Energy Sukuk II at PSX. The event was convened to mark the first ever debt issuance through book building at Pakistan Stock Exchange. Advisor to PM on Finance & Revenue, Dr. Abdul Hafeez Shaikh graced the occasion with his presence. Also present were Mr. Aamir Khan - Chairman, Securities & Exchange Commission of Pakistan (SECP); Dr. Reza Baqir – Governor, State Bank of Pakistan (SBP); Mr. Sulaiman S. Mehdi - Chairman PSX and Members of the PSX Board; Mr. Farrukh H Khan - CEO, PSX; Mr. Arif Usmani - President and CEO, National Bank of Pakistan; Mr. Zain Hussain - CEO, Taurus Securities; Mr. Irfan Siddiqi - President & CEO, Meezan Bank Limited; Dr. Naim Abdullah – Head of Treasury, Dubai Islamic Bank Pakistan Limited; Mr. Atif Bajwa – President & CEO, Bank Alfalah Limited; Mr. Aqeel Karim Dhedhi – Chairman, Pakistan Stockbrokers Association; Mr. Arif Habib & Mr. Jahangir Siddiqi – former Presidents, Karachi Stock Exchange; businessmen, senior management and other staff members of banks, institutions and aforementioned organisations.​

The gong striking ceremony was an exciting event with the CEO PSX welcoming the guests after which the Chief Guest along with the transaction leads struck the gong to open the trading day and to register this special occasion. The Advisor to PM on Finance & Revenue spoke at the event and highlighted the significance of the book building process through the Stock Exchange. The Chairman SECP and Chairman PSX also spoke on the occasion and mentioned that this issuance sets a precedence for future debt listings to engage the state-of-the-art competitive book building managed by PSX. The event was concluded with tombstones being distributed to relevant officials and transaction leads. A memento of appreciation was also given to the Honourable Advisor to Finance & Revenue by the Chairman PSX.