Naya Nazimabad Apartment REIT gong ceremony set for Oct 1 at PSX

Mettis Global reported that a gong ceremony marking the strong public response to Naya Nazimabad Apartment REIT will take place at the PSX Trading Hall in Karachi on Thursday, October 1, 2026, from 9:00 a.m. Arif Habib is hosting the event. Prime Minister Shehbaz Sharif will join virtually as chief guest, while Finance Minister Muhammad Aurangzeb will attend in person as guest of honour.

SBP Governor Jameel Ahmad and SECP Chairman Dr Kabir Ahmed Sidhu are also expected to attend in person. The gathering follows the REIT's completed public offering and its trading debut on the Main Board on September 17, 2026. The scheme is a closed-end developmental REIT built to develop residential apartments around Naya Nazimabad in Karachi, with linked activities in Lahore.

Book-building drew bids worth around Rs4.551 billion against an issue size of roughly Rs595 million, with 292 investors taking part. The strike price was fixed at Rs23 per unit, the top of the range offered. High net worth individuals received the largest share at 14.90 million units, ahead of mutual funds with 9.16 million units. The public offering covered 44.0625 million units, equal to 15% of the 293.75 million units in issue.