United Bank Limited (PSX: UBL) has become the second most valuable listed company on the Pakistan Stock Exchange (PSX).
The milestone achieved by the bank was highlighted by Topline Securities CEO Mohammed Sohail in a post on X.
Sohail highlighted that in just 2 years, UBL’s market cap has jumped from under $0.5 billion to nearly $3 billion ($2.9 billion to be precise), a 6x surge.
This reflects investor confidence, strong earnings growth, and strategic transformation in Pakistan’s banking sector, he added.
Oil & Gas Development Company Limited (PSX: OGDC) is the most valuable company on the PSX with market cap of $3.4 billion.
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