UBL becomes Pakistan’s most valuable bank
United Bank Limited (PSX: UBL) has overtaken Meezan Bank Limited (PSX: MEBL) to claim the top spot as Pakistan’s most valuable bank.
According to a LinkedIn post by
Topline Securities CEO Mohammed Sohail, UBL’s market capitalization now stands
at Rs. 426 billion ($1.5 billion), positioning it as the leading bank in the
country by value.
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Sohail noted that just 18 months
ago, UBL ranked 11th among listed companies on the Pakistan Stock Exchange
(PSX) and has now risen to the third position overall.
In this short span, UBL has
delivered nearly 400% returns, driven by robust dividends and aggressive
management strategies, further solidifying its market dominance.
Source: Pro Pakistani