United Bank Limited (PSX: UBL) has overtaken Meezan Bank Limited (PSX: MEBL) to become the most valuable bank in Pakistan. This achievement was highlighted by Mohammed Sohail, CEO of Topline Securities, in a LinkedIn post where he noted that UBL’s market capitalization has reached Rs. 426 billion ($1.5 billion).
Sohail pointed out that just eighteen months ago, UBL was ranked as the 11th largest listed firm on the Pakistan Stock Exchange (PSX). It has now climbed to the third spot, reflecting its significant growth and market performance.
In the past 18 months, UBL has delivered a remarkable return of nearly 400 percent. This impressive performance is attributed to the bank’s consistent high dividends and aggressive management strategies, which have driven its rapid ascent in market value.
