UBL remained at second position in ranking of best-performing bank stocks in region
New York: According to S&P Global Market Intelligence, four Pakistani banks are among the banks showing the highest stock growth in the region.
S&P Global Market Intelligence said in a report on the performance of regional banks that four Pakistani banks are among the top 10 best-performing banks in the region.
The report stated that four Pakistani banks showed the highest stock growth in APAC, while Pakistan secured six positions out of the top 15.
According to the report, United Bank Limited (UBL), which has a market capitalization of $1.68 billion, recorded a total share gain of 159.7 percent and remained at the second position in the ranking of the best-performing bank stocks in the region.
The other 3 banks in the top 10 include the National Bank of Pakistan (NBP), Bank Alfalah Limited, and Bank of Punjab (BOP).
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