In a major win for Pakistan’s banking sector, United Bank Limited (UBL) has officially become the second most valuable company listed on the Pakistan Stock Exchange (PSX) — a huge leap that reflects growing investor trust and the bank’s strong financial performance.
The news was shared by Topline Securities CEO Mohammed Sohail, who noted in a post on X (formerly Twitter) that UBL’s market capitalization has surged from under $0.5 billion to nearly $2.9 billion in just two years — a whopping 6x growth.
“This remarkable jump shows how confident investors are in UBL’s earnings and its strategic transformation,” Sohail said, praising the bank’s momentum amid an evolving financial landscape in Pakistan.
The only company currently ahead of UBL in market value is Oil & Gas Development Company Limited (OGDC), which tops the PSX charts with a market cap of $3.4 billion.
UBL’s rise signals not just a personal success story for the bank, but also a promising shift for the broader financial and investment climate in the country.
