Business · 7h ago
Select Technologies Lists on PSX as First IPO of Fiscal Year
Select Technologies, a Pakistani smartphone and appliance manufacturer, became the first listing on the Pakistan Stock Exchange in the new fiscal year. The company raised capital through its initial public offering, signaling investor interest in the local tech hardware sector. The listing reflects growing market activity for technology firms in Pakistan.
Meridian48 take
While a milestone for Pakistan's tech IPO market, the company's core business of assembly and manufacturing may not excite global investors seeking pure-play software or AI innovation.
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Select Technologies Becomes 1st PSX Listing of New Fiscal Year →
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