The Pakistan Stock Exchange (PSX) ended FY2025–26 on a strong note, with the benchmark KSE-100 Index rising more than 40%, supported by improving macroeconomic stability, easing inflation and stronger investor confidence under Pakistan's IMF-backed reform programme.

The rally significantly lifted the market capitalisation of leading listed companies, with financial institutions, energy firms and industrial groups continuing to dominate the exchange.

Top 10 Most Valuable Companies on PSX (FY2025–26)

Oil & Gas Development Company (OGDC)$5.18 billion

United Bank Limited (UBL)$4.03 billion

Meezan Bank Limited (MEBL)$3.35 billion

Fauji Fertilizer Company (FFC)$2.97 billion

Mari Energies (MARI)$2.91 billion

Lucky Cement (LUCK)$2.47 billion

Pakistan Petroleum Limited (PPL)$2.37 billion

MCB Bank Limited$1.73 billion

Habib Bank Limited (HBL)$1.54 billion

National Bank of Pakistan (NBP)$1.52 billion

OGDC retained its position as Pakistan's most valuable listed company after its market capitalisation rose 52% year-on-year to $5.18 billion, supported by production growth and new exploration successes.

The banking sector recorded a particularly strong year, with UBL, Meezan Bank, MCB, HBL and NBP all posting substantial gains in market value, reflecting robust earnings and renewed investor interest amid declining interest rates.

The strong performance of these companies underscores the resilience of Pakistan's listed corporate sector and highlights growing investor confidence as economic conditions continue to improve.