UBL Becomes First Pakistani Bank to Hit Rs 500B

UBL – United Bank Limited has become the first Pakistani bank to surpass Rs500 billion in market #capitalization. Over the past year, its stock #price has risen by 125.32%. On Friday, the stock closed at Rs410.21 on the Pakistan Stock Exchange – PSX, marking a 4.74% increase. The day’s trading saw a high of Rs413.99 and a low of Rs393.01, with 1.27 million shares #exchanged.

The bank’s price-to-earnings ratio is 7.46, with #earnings per share at Rs54.97 and a #dividend yield of 15.10%. Its 52-week range spans from a low of Rs174.69 to a high of Rs413.99. The book value per share is Rs255.43, resulting in a price-to-book ratio of 1.14. Notably, the debt-to-equity ratio stands at 0.00.

United Bank Limited is a leading commercial bank in Pakistan, offering a range of #banking and #financial services. It operates as a subsidiary of Bestway Global Holding Inc, which is wholly owned by Bestway Group.

This achievement highlights the bank’s strong financial #performance and the confidence #investors have in its operations. It reinforces United Bank Limited’s position as a dominant #player in Pakistan’s banking sector.