Islamabad, Dec 13: Oil & Gas Development firm Limited (PSX: OGDC) has been overtaken by Mari Petroleum Company Limited (PSX: MARI) as the biggest firm on the Pakistan Stock Exchange (PSX) in terms of market capitalization.
Mohammed Sohail, the CEO of Topline Securities, noted in a post on X that MARI’s market valuation is currently Rs. 984 billion ($3.5 billion), while OGDC’s is Rs. 963 billion ($3.4 billion).
Additionally, Sohail noted that MARI was ranked seventh at the same time last year, while OGDC was ranked first. He credited Mari’s ascent to a significant bonus share announcement earlier this year and anticipations of hydrocarbon discoveries.
