Who owns Pakistan? 11 business groups that own 35pc of KSE’s market cap

An infographic by KASB Securities has named the top 11 business groups, which make up 35 per cent of the total KSE all market capitalisation.

Bloomberg journalist Faseeh Mangi, in a recent tweet, shared “Who Owns Pakistan?” - A list of 11 giants which include some of the biggest, most influential, and oldest business names in the country.

Top business groups of Pakistan ?? pic.twitter.com/EqIgZvoY9j

— Faseeh Mangi (@FaseehMangi) May 10, 2018

However, in reply to the tweet, many pointed out errors in the figures shared by the journalist.

Bit of a stretch including Nestlé and Sanofi in IGI group. Other inaccuracies too eg Bank Al Habib is a part of a different Habib group.

— samir ahmed (@samirahmed14) May 11, 2018

some seriously wrong info, Nestle shown as Packages group company where the group has around 18% holding. Nestle total market cap is Rs 571bn and packages group holding value in Nestle is around Rs 100bn. Also wrong info on Saigol, Habib groups.

— Basharat Khan (@Basharatuk) May 11, 2018

According to the infographic, at the top of the group is the IGI Group, which includes IGI insurance, IGI Life, Nestle. Tri-Pack Films, and Sanofi-Aventis with a combined total market cap of Rs677 billion which makes up 7.4 per cent of KSE.

Coming in second is the Hussain Dawood Group which includes companies such as Engro Corp, Engro Foods, Engro Fertilisers, Engro Polymer, Engro PowerGen, Dawood Hercules, and Dawood Lawrencepur with a total combined market cap at Rs442 billion and 4.8 per cent of KSE.

Fauji Foundation is ranked in the third spot with companies such as Fauji Fertilizer, Fauji Foods, Fauji Fertilizer Bin Qasim, Fauji Cement, Askari Bank, and Mari Petroleum. The Fauji Foundation Group, according to the report, has a total market capitalisation of Rs432 billion, and a a total KSE share of 4.6 per cent.

Mian Mansha’s Mansha Group follows with a total market capitalisation at Rs408 billion, and 4.4 per cent share of KSE. Mansha Group includes names such as Nishat Mills, MCB Bank, DG Khan Cement, Adamjee Insurance, Nishat Chunian, Lalpir Power, and Nishat Power.

At number 5 in terms of market capitalization is the Habib Group which includes companies such as the Indus Motor Company, Thal Limited, Habib Insurance, Habib Sugar Mills, Bank Al-Habib, Habib Metro, and Shabbir Tiles. Total market capitalisation for the group stands at Rs326 billion and its total share in the stock exchange is at 3.6 per cent.

Bestway Group, which includes United Bank Limited (UBL) and Bestway Cement come in next with a market capitalization of Rs310 billion and a 3.4 per cent share of KSE.

Tabba Group, at number 7 boasts of a total market capitalisation of Rs298 billion and KSE percentage share of 3.3 per cent. The group includes companies such as Lucky Cement, ICI Pakistan, and Gadoon Textiles.

With a total market capitalisation of Rs143 billion, the Atlas Group which includes companies such as Honda Atlas Cars, Atlas Honda, Atlas Battery, and Atlas Insurance, has a 1.6 per cent share in KSE.

Chinoy Group, Saigol Group, and JS Group come in last in the list of the 11 groups which own 35 per cent of market capitalisation of Pakistan’s Stock Exchange with total market caps at Rs90 billion, Rs79 billion, and Rs43 billion respectively, and a respective percentage share of 1 percent, 0.9 per cent, and 0.5 percent. The Chinoy Group includes Pakistan Cables, International Industries, and International Steel. The Saigol Group includes companies such as Pak-Elektron, Maple Leaf Cement, and Kohinoor Textile Mills. JS Group includes Jahangir Siddique Company, JS Bank, BankIslami, JS Investments, and JS Global.