Karachi: Pakistani holding companies listed on the Pakistan Stock Exchange are trading at an average discount of 45% to their Sum-Of-The-Parts (SOTP) values, a new analysis reveals. The report highlights that companies with a market capitalization of at least US$100 million and core operations comprising up to 60% of the total company value exhibit this trend.

According to JS Global, the analysis identifies IGI Holdings Limited (IGIHL) and Nishat Mills Limited (NML) as having the highest discounts to their SOTP values, each at 61%. In contrast, Lucky Cement Limited (LUCK) shows the smallest discount at 24%. The report aims to provide insights into the valuation discrepancies of key listed holding companies on the stock exchange.