Tag Archives: Banking stocks fly high on cheaper valuations

Among 35 sectors on the Pakistan Stock Exchange (PSX), commercial banks stand out with their aggregate paid-up capital of Rs387 billion and market capitalisation of Rs1.46 trillion. Around two dozen banks are listed on the exchange. The five biggest banks — MCB Bank, Habib Bank Ltd (HBL), United Bank Ltd (UBL), Allied Bank Ltd (ABL) and National Bank of Pakistan …

Read More »