The Pakistan Stock Exchange (PSX) is witnessing a strong bull run, with the number of listed companies valued at over $1 billion rising to 11 as of June 27, 2025, up from just 6 in December 2023, according to the data compiled by Arif Habib Limited (AHL).
The development reflects growing investor confidence amid improved macroeconomic indicators and a stable political outlook.
Topping the list is Oil and Gas Development Company (OGDC), which now boasts a market capitalization of $3.35 billion, nearly doubling in value over the past six months.
Additionally, four companies have now crossed the $2 billion mark: OGDC, Mari Petroleum (MARI), United Bank Limited (UBL), and Meezan Bank Limited (MEBL). The inclusion of two major banks in this elite group signals renewed optimism in the financial sector, which has benefitted from improved profitability and better asset quality in recent quarters.
Several other prominent names have also crossed the $1 billion threshold. Fauji Fertilizer Company (FFC) stands at $1.94 billion, while Lucky Cement has climbed to $1.84 billion. Pakistan Petroleum Limited (PPL) is valued at $1.64 billion.
MCB Bank holds a market cap of $1.19 billion, Colgate Pakistan at $1.14 billion, Nestlé Pakistan at $1.12 billion, and Pakistan Tobacco Company (PTC) at $1.08 billion.
Analysts say the sharp uptick in valuations points to increased foreign and local investor activity, driven by expectations of monetary easing and continued economic reforms.
