Demand for AirLink Communications shares rose 1.64 times on the first day

AirLink Communications Limited, the leading smartphone distributor in Pakistan, offered its shares for sale, with demand for its shares rising 1.64 times on the first day.

The first public sale of the private sector in the history of the Pakistan Stock Exchange (PSX) came to light.

AirLink Communications Limited offered to sell its shares, with demand for its shares rising 1.64 times on the first day.

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AirLink offered 90 million shares for purchase but the demand for shares was 14.78 million, closing at Rs 71.5 per share.

The shares bought were worth Rs 6.44 billion.

Note that retail purchase of these shares will start from September 6 and 7.

Shares of Airlink were offered by JS Global, the country’s largest investment banking and brokerage firm, as a consultant and joint manager for public procurement on the Pakistan Stock Exchange.