UBL Market Capitalization Hits Rs. 600 Billion, Surpasses HBL and MCB Combined

KARACHI:United Bank Limited (PSX: UBL)has witnessed a remarkable surge in market capitalization, reaching a record Rs. 600 billion (approximately US$ 2.1 billion), up from just Rs. 100 billion two years ago. The milestone was highlighted by Topline Securities CEO Mohammed Sohail, who noted that UBL has now surpassed thecombinedmarket value of two major players—Habib Bank Limited (PSX: HBL) and MCB Bank Limited (PSX: MCB). “This marks a major shift inPakistan’s banking landscape,” Sohail said in a social media poston Saturday. UBL’s stock closed at Rs. 482.18 on Friday, reflecting a strong gain of 8.46 percent (Rs. 37.59), with trading volumes exceeding 5.855 million shares at thePakistan Stock Exchange(PSX). The bank is a subsidiary ofBestway International Holdings Limited, which in turn is wholly owned by theBestway Group Limited.