Blue-Ex Limited’s application to move from the Pakistan Stock Exchange (PSX) Growth Enterprise Market (GEM) Board to the Main Board culminated in a completed migration effective December 29, 2025. PSX announced the move on December 26, 2025. The transaction included an offer of 1,000,000 shares at PKR 65 each.
When did Blue-Ex migrate to the PSX Main Board?
The migration took effect on December 29, 2025. PSX’s December 26 notice confirmed that Blue-Ex had moved from the GEM Board to the Main Board; the application is no longer pending. PSX’s migration notice
How the application progressed
- September 2, 2024: Blue-Ex said its board had approved migration from GEM to the Main Board, subject to compliance requirements and regulatory approvals. Blue-Ex board approval disclosure
- May 19, 2025: Blue-Ex disclosed that the Securities and Exchange Commission of Pakistan (SECP) had approved its application to issue shares other than by way of rights, to facilitate the migration. The company described a planned offer of 1.0 million ordinary shares at a fixed PKR 65 per share. Blue-Ex SECP approval disclosure
- October 14, 2025: PSX announced that Blue-Ex had applied to migrate and published the draft prospectus for public comments. The comment period ended October 21, 2025. PSX public-comments notice
- December 26, 2025: PSX announced the completed migration, effective December 29, 2025. PSX migration notice
What were the share-offer terms?
The offer described in the October 2025 PSX notice was for 1,000,000 ordinary shares, each with a PKR 10 par value, at an offer price of PKR 65 per share. PSX named KTrade Securities Limited and LSE Capital Limited as joint lead managers for the issue. PSX public-comments notice and draft prospectus announcement
What changed on the Main Board?
PSX’s migration notice identifies the company code as BLUEX, places the company in the Transport sector, and states that the market lot is one share. It said the Main Board opening price would be based on Blue-Ex’s December 26, 2025 closing price on GEM. The notice specified T+2 settlement for the first Main Board trades, with December 31, 2025 as the first settlement date; this describes the arrangements for the initial trades, not the general settlement cycle today. PSX migration notice
Do these 3 things before closing this tab:
1Repair Windows errors before they cause bigger problems2Scan for outdated or missing drivers - takes under a minute3Clear out junk files and repair common Windows errors#1 Best Overall
PSX also said it had reviewed the latest financial statements and nature of the business and deemed Blue-Ex Shariah compliant under the KMI All Share Index screening criteria. Its notice said the company would be included in the PSX-KMI All Share Islamic Index from the migration date. This is PSX’s determination as stated in its December 26, 2025 notice. PSX migration notice
Why did Blue-Ex seek the migration?
The draft prospectus described facilitating the Main Board migration as the offer’s primary objective. It also proposed using the proceeds to strengthen freight and international express courier revenue streams, acquire cargo capacity with airlines and ocean liners, and explore network partnerships in Europe and North America. These were stated intentions in the prospectus, not confirmation that the investments or partnerships were completed. Draft prospectus
Rank #2
- Comes with secure packaging
- Easy to read text
- It can be a gift option
What the migration does—and does not—show
The documented change is the listing venue: Blue-Ex moved from PSX’s GEM Board to its Main Board, with BLUEX as its code. The notices establish the migration date, offer terms, listing details, and the company’s stated plans for proceeds. They do not establish that migration itself improved liquidity, share valuation, or operating performance.
Quick Recap
Best Value
Rank #4
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
Recommended Free Tools
