Naya Nazimabad REIT Listing Approved as PSX Sees Record Growth
Pakistan’s equity market continues to grow. Recently, the SECP approved the Naya Nazimabad REIT for listing on PSX. As a result, this becomes the 13th public offering in 2026. Moreover, this trend shows rising confidence in the market. Companies from many sectors are now raising funds through public listings. The Naya Nazimabad REIT will offer 44.06 million units. This equals 15% of total units. In addition, institutional investors will receive 75% of the allocation. Retail investors will get the remaining 25%. This REIT focuses on real estate development. It plans to build residential, retail, and commercial units. Therefore, investors can earn returns through property sales.
Growth of REITs in Pakistan
Pakistan now has 29 registered REIT schemes. However, only six are currently listed on PSX.
Once completed, Naya Nazimabad REIT will become the seventh listed REIT. This step will expand regulated real estate investment options. SECP Chairman Dr. Kabir Ahmed Sidhu highlighted this progress. He said public offerings help businesses access long-term funding. As a result, companies rely less on traditional financing.
Record Year for PSX Listings
FY2026 proved to be a landmark year. According to reports, companies raised Rs18.39 billion through IPOs. For example, Service Long March Tyres led the market. It raised over Rs7.7 billion. Similarly, Ghani Dairies and Sitara Petroleum also secured strong investments. In addition, new sectors joined the exchange. These included poultry, takaful, and technology firms. Therefore, the market became more diverse.
KSE-100 Shows Strong Performance
The KSE-100 Index delivered impressive gains. It closed FY2026 at 180,302 points. This marks a rise of about 44%. However, the market faced some volatility. Global tensions and oil prices affected performance. Despite this, investor confidence remained strong. Experts believe growth will continue. Some forecasts suggest the index may reach 263,800 points by 2026.
Outlook for Investors
The approval of Naya Nazimabad REIT signals a positive outlook. It shows strong demand for investment opportunities. In addition, SECP reforms aim to simplify fundraising. Therefore, more companies may enter the market soon.
