Friday, April 25, 2025
-Advertisement-

Pakistani banks show strongest stock growth in APAC: S&P Global

- Advertisement -

Pakistani banks dominated the list of Asia-Pacific’s best-performing bank stocks in 2024, with four lenders securing spots in the top 10, according to S&P Global Market Intelligence.

United Bank Ltd. (UBL) emerged as a standout, ranking second with a total stock return of 159.7%. UBL, boasting a market capitalization of $1.68 billion, was surpassed only by Indonesia’s PT Bank Artha Graha Internasional Tbk, which posted a return of 193.2%.

- Advertisement -

The rankings highlighted a strong showing from banks in developing economies, while smaller-cap banks led the charge overall. Only six of the top 15 performers had market capitalizations exceeding $1 billion.

Pakistani banks’ resurgence followed a mid-year economic recovery, aided by an IMF funding program and strict fiscal and monetary policies. Awais Ashraf of AKD Securities credited the rebound to external payments and smooth political transitions, which bolstered investor confidence.

Despite the promising gains, institutions like the World Bank have stressed the importance of sustained reforms for long-term growth and poverty reduction.

- Advertisement -

Stay updated with the latest and breaking news directly on your mobile phone by joining Headline PK's WhatsApp group!

 

 

Latest stories

-Advertisement-

Highlights of the Week
Related

LUMS Launches CeDAR to Drive Blockchain and Web 3.0 Innovation in Pakistan

The Center for Digital Assets Research (CeDAR) at LUMS...

Pope Francis Dies at 88, Vatican Confirms

Pope Francis has died aged 88, the Vatican confirmed...

Jumeirah Hosts a Series of Activations During Art Dubai 2025 Week

Jumeirah, a global leader in luxury hospitality and a...

PTCL Group continues to report double digit revenue growth in Q1 2025

Pakistan Telecommunication Company Limited (PTCL), the leading telecom and...
-Advertisement-
Join our Whatsapp Group for Exclusive News!
Join our Whatsapp Group for Exclusive News!