Karachi: United Bank Limited (UBL) has emerged as the largest listed company on the Pakistan Stock Exchange (PSX), overtaking Oil & Gas Development Company Limited (OGDC), which had held the top position for many years.
During today’s trading session, UBL’s market capitalization crossed Rs 1,275 billion (approximately USD 4.5 billion), marking a major milestone for the bank and Pakistan’s equity market.
The development was highlighted by Mr. Sohail Mohammed, Founder and CEO of Topline Securities, who shared the update, noting UBL’s extraordinary rise in valuation over a short period.
UBL’s market value has increased from less than USD 500 million just three years ago to becoming Pakistan’s most valuable listed company, reflecting strong financial performance, consistent profitability, improved asset quality, and a well-executed growth strategy.
Market observers say the milestone underscores growing investor confidence in the banking sector and points to a broader shift in PSX dynamics, with financial institutions increasingly leading in market capitalization and investor interest.
