United Bank Limited has emerged as Pakistan’s largest listed company after its market capitalization crossed the four billion dollar mark. The bank’s total value has reached Rs 1.28 trillion, or approximately $ 4.6 billion, allowing it to overtake Oil and Gas Development Company, which stands at Rs 1.26 trillion.
The rise has been driven by a strong rally in UBL’s share price. Over the past month, the stock gained around 37 percent, reflecting growing investor confidence in the bank’s performance and future outlook. Market analysts say UBL has benefited from the changing interest rate environment and has positioned itself well to capitalize on lower borrowing costs.
Pakistan’s interest rates have dropped sharply over the past year, falling from 22 percent in April 2024 to 10.5 percent by December 2025. This shift has supported banking sector earnings and improved profitability prospects, with UBL standing out among its peers.
Financial results also played a major role in boosting the bank’s valuation. For the nine months ended CY25, UBL reported a profit after tax of Rs 34.7 billion, showing a 36 percent increase compared to the same period last year. The strong earnings allowed the bank to reward shareholders with generous payouts.
UBL announced total dividends of Rs 27.5 per share, placing it among the top dividend-paying banks in the country. Investors welcomed the move, viewing it as a sign of financial strength and stability.
With this milestone, UBL has strengthened its position as a leader in Pakistan’s banking sector and continues to attract strong interest from local and foreign investors alike.
