Islamabad, Nov 28: United Bank Limited (PSX: UBL) has overtaken Meezan Bank Limited (PSX: MEBL) to become the most valuable bank in Pakistan, with a market capitalization of Rs. 426 billion ($1.5 billion), according to Topline Securities CEO Mohammed Sohail.
Key Highlights:
- Market Ranking:
- UBL has risen to the third spot among listed firms on the Pakistan Stock Exchange (PSX), up from the eleventh position just 18 months ago.
- Exceptional Returns:
- Over the past 18 months, UBL has delivered a remarkable 400% return to investors, attributed to high dividends and strong management strategies.
- Leadership:
- This achievement underscores UBL’s focus on aggressive management practices and consistent financial performance, which have driven its rapid growth.
UBL’s achievement signifies a milestone in Pakistan’s banking sector, showcasing its resilience and strategic advancement in a challenging economic environment.
