Karachi: United Bank Limited (PSX: UBL) has emerged as the second most valuable listed company on the Pakistan Stock Exchange (PSX), marking a significant milestone for the country’s banking sector.
The development was highlighted by Topline Securities CEO Mohammed Sohail in a post on X (formerly Twitter), noting that UBL’s market capitalization has soared from under $0.5 billion to nearly $3 billion ($2.9 billion) over the past two years — a sixfold increase.
“This reflects investor confidence, strong earnings growth, and strategic transformation in Pakistan’s banking sector,” Sohail remarked.
Oil & Gas Development Company Limited (PSX: OGDC) remains the most valuable company on the PSX with a market capitalization of $3.4 billion.
