United Bank Limited (PSX: UBL) has claimed the title of Pakistan’s most valuable bank, surpassing Meezan Bank Limited (PSX: MEBL) in market capitalization.
Mohammed Sohail, CEO of Topline Securities, shared the milestone in a recent LinkedIn post, revealing that UBL’s market capitalization has surged to Rs. 426 billion ($1.5 billion). This achievement places UBL as the most valuable bank and ranks it as the third-largest listed firm on the Pakistan Stock Exchange (PSX).
UBL’s remarkable ascent over the past 18 months is noteworthy. Previously ranked 11th among PSX-listed companies, the bank has delivered an impressive return of nearly 400% during this period. The extraordinary growth is attributed to consistent high dividend payouts and aggressive management strategies, which have enhanced investor confidence and fueled the bank’s rapid rise.
This achievement underscores UBL’s position as a key player in Pakistan’s banking sector, reflecting its resilience and strategic focus in challenging economic conditions.
