UBL Breaks Records: Surpasses Rs500 Billion in Market Capitalization

UBL Breaks Records: Surpasses Rs500 Billion in Market Capitalization

United Bank Limited (UBL) has achieved a remarkable milestone by becoming the first Pakistani bank to exceed Rs500 billion in market capitalization. This achievement comes on the heels of a 125.32% increase in its stock value over the past year.

On Friday, UBL's stock closed at Rs410.21, marking a 4.74% rise on the Pakistan Stock Exchange (PSX). During the trading session, the stock hit an intraday high of Rs413.99 and a low of Rs393.01, with a trading volume of 1.27 million shares.

Key financial metrics highlight UBL's strong performance:

  • Price-to-Earnings (P/E) Ratio: 7.46

  • Earnings Per Share (EPS): Rs54.97

  • Dividend Yield: 15.10%

  • 52-Week Range: Low of Rs174.69 and high of Rs413.99

  • Book Value Per Share: Rs255.43

  • Price-to-Book Ratio: 1.14

  • Debt-to-Equity Ratio: 0.00

UBL, a leading commercial bank in Pakistan, offers a range of banking and financial services. It is a subsidiary of Bestway (Holdings) Limited, which is wholly owned by Bestway Group Limited.

This milestone underscores UBL's robust growth and strong market presence, further cementing its status as a major player in Pakistan's financial sector.
Image by Business Bytes

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