United Bank Limited (PSX: UBL) has achieved a remarkable milestone, with its market value skyrocketing from Rs. 100 billion to a record Rs. 600 billion (US$ 2.1 billion) in just two years. This unprecedented growth marks a significant shift in Pakistan’s banking sector.
“What’s even more impressive is that UBL has surpassed the combined market value of Habib Bank Limited (PSX: HBL) and MCB Bank Limited (PSX: MCB), signaling a major transformation in the country’s banking landscape,” said Mohammed Sohail, CEO of Topline Securities, in a social media post on Saturday.
On Friday, UBL’s stock closed at Rs. 482.18, reflecting an 8.46 percent increase (Rs. 37.59) with over 5.855 million shares traded at the Pakistan Stock Exchange (PSX).
UBL is a subsidiary of Bestway International Holdings Limited, which is wholly owned by Bestway Group Limited.
