UBL's market capitalization soars significantly
United Bank Limited (PSX: UBL) has risen to
become the second most valuable company listed on the Pakistan Stock Exchange (PSX),
marking a significant milestone in its growth journey.
The announcement was made by Mohammed Sohail,
CEO of Topline Securities, via a post on X, highlighting that UBL’s market
capitalization has soared from under $0.5 billion to nearly $3 billion ($2.9
billion) in just two years — a remarkable sixfold increase.
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Sohail attributed this impressive growth to
strong investor confidence, consistent profit expansion, and strategic
advancements within Pakistan’s banking sector.
Currently, Oil & Gas Development Company
Limited (PSX: OGDC) remains the most valuable firm on the PSX, with a market
capitalization of $3.4 billion.
Source: bloompakistan.com