Wednesday, January 07 2026

UBL enters four-billion-dollar club, becomes Pakistan’s largest-listed company
United Bank Limited (UBL) has emerged as the largest listed company in Pakistan, with its market capitalisation reaching Rs1.28 trillion (USD 4.6 billion) on Tuesday, overtaking Oil & Gas Development Company (OGDC), which now holds the second spot with a market cap of Rs1.26 trillion (USD 4.53 billion). The milestone marks an impressive run for UBL, reflecting strong investor confidence and robust performance in the banking sector, said market analysts. In the last month alone, the share price of UBL has increased by an impressive 37%, from Rs375.57 on December 8, 2025, to Rs514.49 at the time of filing this report on Tuesday. The rising profitability comes “on the back of effectively utilising the interest rate scenario,” Samiullah Tariq, Head of Research at Pak-Kuwait Investment Company Limited, told Business Recorder.
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