PSX to witness 16 IPOs in 2026 as 3-year stock rally tops 300%: Bloomberg

The record-breaking performance of the Pakistan Stock Exchange (PSX) is drawing companies back to equities, setting up what bankers say could be a banner year for initial public offerings (IPOs) in 2026, reported Bloomberg on Wednesday. According to the report, two of Pakistan’s leading investment banks — Arif Habib Ltd. and Ktrade Securities Ltd. — have a combined pipeline of 16 IPOs over the next seven months. The PSX benchmark KSE-100 Index has gained over 47% this year, emerging as one of the best performers in the world. “With valuations now reaching long-term averages, offerings are set for a comeback,” read the report. PQFTL to raise Rs1.1bn through Dec 11 IPO “Current market valuations are attractive for raising equity,” Shahid Ali Habib, chief executive officer at Arif Habib, told Bloomberg, who expects to bring as many as eight IPOs through June.