Fatima Fertilizer Company Limited (PSX: FATIMA) has become the latest listed company on the Pakistan Stock Exchange (PSX) to surpass a market capitalization of $1 billion.
“FATIMA has surpassed a market capitalization of $1 billion, supported by stable earnings, consistent payouts, and a strong net cash position,” brokerage house Arif Habib Limited (AHL) said in post on X on Wednesday.
The brokerage house said that the rally was further fueled by stronger NP-Phos rock margins amid high inventory levels, a resilient urea business, and growth from new ventures such as National Resources (Pvt) Limited and Fatima Petroleum Company Limited.
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It is pertinent to mention here that two years ago, only three companies (OGDC, Nestle & Colgate) had a market cap above $1 billion. However, with FATIMA crossing the mark, the number of companies with $1 billion plus market cap is more than fifteen.
