Karachi Stock Exchange (KSE) Board Chairman Arif Habib congratulated Federal Minister for Privatisation and Investment and Privatisation Commission Dr Abdul Hafeez Sheikh on the overwhelming response to the public offer of the government holding of shares in the Sui Southern Gas Company (SSGC), which has been oversubscribed by 15 times.
He said this is indeed a new landmark in the history of the corporate sector in the country whereby a record number of over 258,000 applications were received from the general public.
The KSE chairman observed that this encouraging public response testifies the investors' confidence in the positive economic policies of the present government.
He said this also reflects the fact that the benefits of privatisation were being transmitted to the small investors, which will help the government in realising its objective of further broadening and strengthening the base of capital markets in the country.-PR