Meezan Bank Limited (PSX: MEBL) made history on Wednesday by becoming the first Islamic bank in Pakistan to touch a market capitalization of Rs. 1 trillion during intraday trading, marking a landmark achievement for the country’s Islamic banking sector.
The bank’s shares closed at a record high of Rs. 553.45, rising 7.2 percent in a single trading session. Although its market value briefly exceeded Rs. 1 trillion during the day, it ended the session at approximately Rs. 996.5 billion.
The milestone follows a remarkable run in Meezan Bank’s stock over the past year. According to Topline Securities, the bank’s market capitalization has surged from around Rs. 630 billion in July 2025 to nearly Rs. 1 trillion, reflecting strong investor confidence and sustained growth in shareholder value.
In a recent research report, Topline Securities attributed the bank’s performance to its industry-leading profitability, strong asset quality, and one of the lowest operating cost structures among Pakistan’s commercial banks.
The brokerage expects Meezan Bank to sustain a return on equity (ROE) of 32-33 percent between 2026 and 2028, supported by its low-cost deposit base and operational efficiency. It also noted that the bank’s cost-to-income ratio stood at roughly 31 percent in 2025, well below the banking sector average of 47 percent.
Over the past decade, Meezan Bank has significantly expanded its presence in Pakistan’s banking industry. Between 2015 and 2025, its share of total deposits increased from 4.8 percent to 8.6 percent, while its share of advances climbed from 4.8 percent to 11.5 percent, making it one of the fastest-growing banks in the country.
The report further highlighted that Meezan Bank delivered the highest return on average equity among major listed banks in 2025. It also maintained one of the sector’s lowest gross infection ratios, at around 2 percent, while remaining among the top performers in capital adequacy and overall asset quality.
Although the bank finished just below the Rs. 1 trillion mark at the close of trading, Wednesday’s rally secured its place in history as the first Islamic bank in Pakistan to achieve a trillion-rupee valuation during market hours.
