AGL 38.30 Increased By ▲ 0.08 (0.21%)
AIRLINK 132.30 Increased By ▲ 3.33 (2.58%)
BOP 8.66 Increased By ▲ 0.81 (10.32%)
CNERGY 4.73 Increased By ▲ 0.07 (1.5%)
DCL 8.50 Increased By ▲ 0.18 (2.16%)
DFML 38.50 Decreased By ▼ -0.44 (-1.13%)
DGKC 84.30 Increased By ▲ 2.36 (2.88%)
FCCL 34.52 Increased By ▲ 1.10 (3.29%)
FFBL 76.55 Increased By ▲ 0.84 (1.11%)
FFL 12.79 Decreased By ▼ -0.03 (-0.23%)
HUBC 109.98 Decreased By ▼ -0.38 (-0.34%)
HUMNL 14.35 Increased By ▲ 0.34 (2.43%)
KEL 5.37 Increased By ▲ 0.22 (4.27%)
KOSM 7.78 Increased By ▲ 0.11 (1.43%)
MLCF 40.60 Increased By ▲ 0.80 (2.01%)
NBP 70.00 Decreased By ▼ -2.32 (-3.21%)
OGDC 190.60 Increased By ▲ 2.31 (1.23%)
PAEL 25.95 Increased By ▲ 0.32 (1.25%)
PIBTL 7.45 Increased By ▲ 0.08 (1.09%)
PPL 156.09 Increased By ▲ 3.42 (2.24%)
PRL 25.80 Increased By ▲ 0.41 (1.61%)
PTC 18.70 Increased By ▲ 1.00 (5.65%)
SEARL 82.79 Increased By ▲ 0.37 (0.45%)
TELE 7.80 Increased By ▲ 0.21 (2.77%)
TOMCL 32.83 Increased By ▲ 0.26 (0.8%)
TPLP 8.36 Decreased By ▼ -0.06 (-0.71%)
TREET 17.10 Increased By ▲ 0.32 (1.91%)
TRG 56.05 Increased By ▲ 0.01 (0.02%)
UNITY 28.83 Increased By ▲ 0.05 (0.17%)
WTL 1.34 Decreased By ▼ -0.01 (-0.74%)
BR100 10,707 Increased By 48.2 (0.45%)
BR30 31,703 Increased By 372 (1.19%)
KSE100 99,661 Increased By 391.4 (0.39%)
KSE30 31,066 Increased By 34.1 (0.11%)

Billionaire Oleg Deripaska's En+ holding company officially floated on the London Stock Exchange on Wednesday, the first initial public offering by a Russian company since sanctions were launched against Moscow. Shares in En+ stood at $13 (11.22 euros) around 1240 GMT, 7.14 percent less than its initial listing price of $14 but still valuing the company at $8 billion.
Energy company En+, aluminium giant Rusal's largest shareholder and a leading power producer, announced its intention to float on the London Stock Exchange at the start of October. This is the first listing of a Russian company on the exchange since the West imposed sanctions on Russia in 2014 for its role in the Ukraine crisis. The stock is also being listed on the Moscow Exchange. It is "the largest IPO in the Metals & Mining and Utilities sectors worldwide to date in 2017", according to En+ director general Maxim Sokov.

Comments

Comments are closed.