KARACHI: United Bank Limited (PSX: UBL) has witnessed a remarkable surge in market capitalization, reaching a record Rs. 600 billion (approximately US$ 2.1 billion), up from just Rs. 100 billion two years ago.
The milestone was highlighted by Topline Securities CEO Mohammed Sohail, who noted that UBL has now surpassed the combined market value of two major players—Habib Bank Limited (PSX: HBL) and MCB Bank Limited (PSX: MCB). “This marks a major shift in Pakistan’s banking landscape,” Sohail said in a social media post on Saturday.
UBL’s stock closed at Rs. 482.18 on Friday, reflecting a strong gain of 8.46 percent (Rs. 37.59), with trading volumes exceeding 5.855 million shares at the Pakistan Stock Exchange (PSX).
The bank is a subsidiary of Bestway International Holdings Limited, which in turn is wholly owned by the Bestway Group Limited.
