Tasdeeq share price gains 21% on first trading day at PSX

Tasdeeq Information Services Limited (TISL) closed its first day of trading on the PSX at Rs3.62 per share, a gain of 20.67 per cent, according to Business Recorder. The stock started from a pre-opening price of Rs3 that morning, so the session added Rs0.62 per share. Daily movement was limited to Rs1 either way, keeping prices within a Rs2 to Rs4 band.

Trading was heavy, with 148.56 million shares changing hands and TISL ranking as the second most active stock by volume, PSX data showed. Prices moved between an intra-day low of Rs3.48 and a high of Rs3.89 per share during the session. Earlier, the company raised Rs450 million by selling 150 million shares at Rs3 each in an IPO held in August 2026, with the price set through a two-day Dutch auction.

Topline Securities, the issue consultant, said the offering was fully subscribed within two seconds of book building opening on the first day of the auction. Tasdeeq is a credit information and analytics company regulated by the State Bank of Pakistan, and its prospectus says the proceeds will fund product development, technology infrastructure, information security and consumer marketing.