PSX Hits Record with 15 Companies in $1 Billion Club
The Pakistan Stock Exchange (PSX) has marked a remarkable milestone as the number of companies boasting a market capitalization above $1 billion has surged in recent years, reflecting strong market performance and growing investor confidence.
Two years ago, the exclusive club of billion-dollar companies comprised only three giants — OGDC, Nestle, and Colgate. A year later, the list welcomed four more heavyweights, including Meezan Bank Limited (MEBL), Mari Petroleum (MARI), United Bank Limited (UBL), and Pakistan Petroleum Limited (PPL).
Today, this elite group has expanded to 15 listed companies, highlighting the PSX’s resilience and the positive sentiment among market participants despite global economic uncertainties.
The latest entrant to this prestigious $1 billion club is the National Bank of Pakistan (NBP), making it the fifth listed bank to cross this significant valuation threshold. Analysts believe the trend underscores not only the rising value of blue-chip stocks but also the growing investor appetite for long-term investments in Pakistan’s equity market.
Market experts suggest that sustained investor confidence, improving corporate earnings, and favorable economic indicators could further expand this billion-dollar roster in the coming years.
