Six Pakistani Companies To Be Listed on FTSE Global Equity Index

Six Pakistani companies will soon be listed on the Financial Times Stock Exchange’s (FTSE) Global Equity Index. The companies are as follows:

  1. Engro Corporation Limited
  2. Fauji Fertilizer Company Limited (FFC)
  3. Habib Bank Limited (HBL)
  4. Mari Petroleum Company Limited (MPCL)
  5. Nishat Mills Limited (NML)
  6. The Searle Company Limited (TSCL)

These companies, registered on the Pakistan Stock Exchange (PSX), will officially be listed on the FTSE Global Equity Index on March 20, 2017. The FTSE Global Equity Index Series covers around 7,400 securities in 47 different countries.

Below is a brief profile of each of these companies:

Engro Corporation Limited

Engro Corporation is a Karachi-based conglomerate involved in the production of fertilizers, food, energy, chemicals, and petrochemicals. It was founded in 1957.

Fauji Fertilizer Company Limited

FFC was incorporated in 1978, and has since become the largest chemical fertilizer producer in Pakistan. The company’s head office is in Rawalpindi.

Habib Bank Limited

HBL was the first commercial bank to be established in Pakistan in 1947. Based in Karachi, HBL is currently the largest private sector bank in the country with over 1,600 branches, and a customer base exceeding eight million.

Mari Petroleum Company Limited

Founded in 1984, MPCL is one of Pakistan’s largest petroleum exploration and production companies. The company has its headquarters in Islamabad.

Nishat Mills Limited

NML, the flagship company of Nishat Group, is a vertically integrated textile company. Founded in 1951, the company is based in Lahore.

The Searle Company Limited

Searle is a pharmaceutical company incorporated in 1965. Based in Karachi, the company has established business operations in several countries.

Source: Geo News / Image Credits – SunNews