UBL Becomes First Pakistani Bank to Cross Rs500 Billion Market Cap
United Bank Limited (UBL) has set a new record by becoming the first bank in Pakistan to reach a market capitalization of over Rs500 billion. This milestone comes after a significant increase in the bank’s stock price, which has surged by 125.32% over the past year.
On the Pakistan Stock Exchange (PSX), UBL’s stock closed at Rs410.21 per share, reaching a high of Rs413.99 during the trading session. A total of 1.27 million shares were traded, reflecting strong investor interest in the bank.
UBL’s financial indicators also show strong performance. The bank currently has a price-to-earnings (P/E) ratio of 7.46, an earnings per share (EPS) of Rs54.97, and an attractive dividend yield of 15.10%. These figures indicate the bank’s profitability and its ability to provide solid returns to shareholders.
This achievement highlights UBL’s strong financial growth, effective management strategies, and the confidence investors have in its future performance. It also reflects the overall strength of Pakistan’s banking sector and its potential for continued expansion.
