Islamabad 13 August: Meezan Bank Limited (MEBL) achieved a historic milestone as its share price crossed the PKR 400 per share mark for the first time in the bank’s trading history at the Pakistan Stock Exchange (PSX).
The rally in MEBL’s stock reflects strong investor confidence in the bank’s growth trajectory, robust earnings, and its position as Pakistan’s largest Islamic bank. Market data shows the stock surged during early trading hours, pushing MEBL’s market capitalisation to new highs.
Analysts attribute the upward momentum to the bank’s consistent double-digit profit growth, expansion of its branch network, and increased demand for Shariah-compliant financial products. In its latest quarterly results, MEBL reported a significant rise in net financing income and non-markup revenues, further strengthening investor sentiment.
READ MORE: Meezan Bank Reaches $2 Billion Market Capitalization Milestone
The stock’s performance also coincides with a broader bullish trend at the PSX, where the KSE-100 index has been posting steady gains amid positive macroeconomic indicators and expectations of monetary easing by the State Bank of Pakistan.
“Meezan Bank has been a consistent value creator for shareholders,” said a senior market analyst. “Crossing PKR 400 is a psychological milestone that could pave the way for further institutional buying.”
MEBL’s rise has also outperformed key sector peers, reflecting a strong shift in capital towards Islamic banking as the financial sector adapts to changing consumer preferences and regulatory frameworks.
The stock closed the day above PKR 400, cementing the landmark and reinforcing MEBL’s leadership position in Pakistan’s financial market.
