United Bank Becomes Pakistan’s Largest Listed Company Amid Stock Surge

United Bank Limited (UBL) has overtaken Oil & Gas Development Company (OGDC) to become Pakistan’s most valuable publicly traded company, with its market capitalization reaching Rs. 1.29 trillion ($4.6 billion).

The leap comes after a remarkable month-long rally in UBL’s share price, which jumped 37% from Rs. 375.57 in early December to Rs. 514.49, signaling strong investor confidence in the banking sector.

OGDC now ranks as the second-largest listed company in Pakistan, with a market cap of approximately Rs. 1.26 trillion, according to data from Arif Habib Limited.

UBL’s stock surge underscores renewed optimism in Pakistan’s financial sector, driven by robust earnings and market sentiment.