Pakistan: Pak-Qatar General Takaful makes stock market trading debut
Source: Middle East Insurance Review | Mar 2026
Pak Qatar General Takaful (PQGTL) made its trading debut on the main board of the Pakistan Stock Exchange (PSX) on 10 February 2026. The company is the first Shariah-compliant general insurer to be listed on the exchange.
The company’s shares traded at PKR15.40 (5.5 US cents) and closed at the same price on the first day of trading, with 385,175 shares changing hands, according to PSX data. The closing price was 10% higher than the opening price of PKR14 per share that was determined through a bookbuilding process. The nominal price of a share is PKR10.
PQGTL’s initial public offering (IPO) was more than 10 times oversubscribed, with the insurer receiving applications for 410.5m shares compared to the issue size of 30m. The company raised PKR420m (1.50m) through the IPO, based on the final price of PKR14 per share.
Unprecedented retail demand for the shares increased the public portion of the IPO from 25% to 30%, the first time in Pakistan’s IPO history, said Arif Habib Group, the lead manager, book runner, and consultant for the IPO.
The book-building process was conducted on 21–22 January, with investor registration opening on 16 January. The general public subscription took place on 28–29 January.
The IPO proceeds are to be used to strengthen the company’s capital base, improve solvency margins, expand its digital distribution network and support the development of takaful products. The proceeds raised will increase the company’s paid-up capital to PKR1.01bn. M