United Bank Limited (PSX: UBL) has overtaken Meezan Bank Limited (PSX: MEBL) to become the most valuable bank in Pakistan.
In a LinkedIn post, Topline Securities CEO Mohammed Sohail highlighted that UBL’s market capitalization now stands at Rs. 426 billion ($1.5 billion), making it the top bank in the country.
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He also noted that just eighteen months ago, UBL was ranked 11th among listed firms on the Pakistan Stock Exchange (PSX), but has now climbed to the number three spot.
