June 10, 2024

PSX lists Fast Cables Ltd with a gong ceremony

Pakistan Stock Exchange (PSX) held a gong ceremony to celebrate the listing of Fast Cables Limited (FCL). Fast Cables is a manufacturing company producing electrical cables and conductors in Pakistan. Fast Cables’ is the fifth listing via an IPO on Pakistan Stock Exchange in the fiscal year 2023-24. Present at the gong ceremony were Mr. Ghulam Mustafa Kausar, Chairman; Mr. Kamal Amjad Mian, Managing Director; and senior management of Fast Cables Ltd. Mr. Muhammad Farid Alam, CEO AKD Securities Limited, along with his team were also present at the occasion. AKD Securities Limited were the Joint Lead Managers/ Consultants to the Issue. The representatives of the participating banks to the Issue were also present at the ceremony. The guests were welcomed by the MD & CEO PSX, Mr. Farrukh H. Khan, board members and senior management of PSX. The gong ceremony included speeches and remarks by Mr. Farrukh Khan, MD & CEO PSX; Mr. Kamal Mian, MD Fast Cables Ltd., and Mr Farid Alam, CEO AKD Securities Ltd. The gong ceremony was followed by distribution of tombstones to the representatives of participating banks, CTI, and others as well as to PSX and SECP representatives.