United Bank Limited (PSX: UBL) has surged to become the second most valuable listed company on the Pakistan Stock Exchange (PSX), marking a remarkable turnaround in just two years.

The achievement was spotlighted by Topline Securities CEO Mohammed Sohail, who noted on X (formerly Twitter) that UBL’s market capitalization has skyrocketed from under $0.5 billion to nearly $3 billion $2.9 billion) since 2023, a sixfold increase. Sohail attributed this meteoric rise to robust investor confidence, strong earnings growth, and a strategic transformation within Pakistan’s banking sector.

Oil & Gas Development Company Limited (PSX: OGDC) remains the most valuable company on the PSX, boasting a market cap of $3.4 billion.