January 06, 2026 (MLN):  United Bank Limited (PSX:UBL) has reached a historic milestone, becomes the largest listed company at the Pakistan Stock Exchange (PSX) by market capitalization during today’s trading session.

UBL’s market cap crossed Rs 1.275tr (approximately $4.5bn), surpassing Oil & Gas Development Company Limited (OGDC), which had held the top position for many years, according to Sohail Mohammed, CEO of Topline Securities, in a recent LinkedIn post.

This achievement turns to be a landmark moment for Pakistan’s banking sector and the broader equity market.

Just three years ago, UBL’s market capitalization stood at below $500 million, highlighting the scale and pace of its transformation.

UBL’s ascent stands as a testament to strategic execution, resilient fundamentals, and sustained shareholder value creation, positioning it as a bellwether for Pakistan’s equity market going forward.

Currently, at the time of writing, shares were trading at Rs510, up Rs22.2, representing a 4.55% increase.