The formal trading of Fatima Fertiliser Company Limited (FFCL) started at Karachi Stock Exchange (KSE) on Monday. The session started with the traditional opening bell. The chairman Arif Habib Group, Arif Habib rang the bell. While talking to media, Arif Habib said that a very good response was witnessed in the initial public offering (IPO) of FFCL as the IPO was oversubscribed.
"It shows the investors interest at the equity market as they want to avail every opportunity of investment here", he noted. He pointed out that the company would soon start its commercial production. The demand is growing in the country and the production of fertiliser at FCCL will help meeting the increasing local demand. It will also help to minimise the dependency on fertiliser imports, he added.
The investors' interest was witnessed in FCCL on the first day of its formal trading as the scrip increased by Re 0.38 to close at Rs 13.34. The FFCL was the second highest volume maker with a total trading of 20.170 million on the first day of its formal trading.