Top 10 Companies Listed on Pakistan Stock Exchange

1. Oil and Gas Development Company Limited (OGDC)

OGDC is Pakistan's largest exploration and production company, covering over 40% of the country's total awarded acreage for hydrocarbons. The Government of Pakistan holds over 67% ownership, making it a state-anchored energy giant central to the country's oil and gas output.

By the end of FY26, OGDC's market capitalization stood at $5.18 billion, up 52% from the previous year, driven by new well discoveries and enhanced production at multiple sites across Sindh and Punjab.

2. United Bank Limited (UBL)

Founded in 1959, UBL is one of Pakistan's largest commercial banks, operating over 1,933 branches and 1,750+ ATMs nationwide alongside its UBL Omni branchless banking service. It briefly became Pakistan's largest listed company in January 2026, overtaking OGDC.

By the close of FY26, UBL's market cap reached $4.03 billion, a 62% jump from the prior year, reflecting strong investor confidence in the bank's expanding operations and financial products.

3. Meezan Bank Limited (MEBL)

Meezan Bank is Pakistan's first and largest Islamic bank, having launched in 2002 with the country's first Islamic commercial banking license. It runs a retail network of over 1,000 branches supported by 950+ ATMs and full digital banking services.

The bank ended FY26 with a market cap of $3.35 billion, up 56% year-on-year, supported by new leadership under CEO Dr Syed Amir Ali and expanding international partnerships, including a landmark deal with a Kazakh bank.

4. Fauji Fertilizer Company Limited (FFC)

FFC is Pakistan's leading fertilizer manufacturer, also active in chemicals, cement, food processing, energy, and banking through associated investments. The company has been actively diversifying, including exploring coal gasification to reduce reliance on natural gas.

FFC's market cap closed FY26 at $2.97 billion, a 48% increase, bolstered by a major CPEC 2.0 coal-to-fertilizer project agreement signed with a Chinese partner in May 2026.

5. Mari Energies Limited (MARI)

Formerly Mari Petroleum, MARI operates Pakistan's largest gas reservoir at the Mari Gas Field in Daharki, Sindh, making it the country's second-largest natural gas producer. Its client base spans fertilizer manufacturers, power companies, and refineries.

By FY26's end, MARI's market cap stood at $2.91 billion, up a modest 8%, supported by new hydrocarbon discoveries and expanded exploration stakes acquired from Orient Petroleum.

6. Lucky Cement Limited (LUCK)

Lucky Cement is Pakistan's leading cement manufacturer, recently expanding into copper and gold mining following a major discovery in Chagai, Balochistan. The company increased its Karachi plant's annual production capacity to 15.6 million tons in July 2026.

LUCK's market capitalization reached $2.47 billion by FY26's close, marking 32% growth, reflecting both its core cement business strength and diversification into mining ventures.

7. Pakistan Petroleum Limited (PPL)

PPL is one of Pakistan's oldest and largest exploration and production companies, contributing over 20% of the nation's total natural gas supply. It also produces crude oil, natural gas liquids, and LPG, cementing its role in national energy security.

The company's market cap hit $2.37 billion by FY26's end, up 43%, following the successful commissioning of a decade-delayed well and new offshore exploration agreements secured in 2026.

8. MCB Bank Limited (MCB)

Incorporated in 1947 and privatized in 1991, MCB was the first Pakistani bank to list global deposit receipts on the London Stock Exchange and the first to launch a wholly owned Islamic banking subsidiary. It remains a pioneer within Pakistan's banking sector.

MCB's market cap reached $1.73 billion by the end of FY26, a 41% rise, alongside leadership changes including the appointment of a new CEO for its Islamic banking arm.

9. Habib Bank Limited (HBL)

HBL, backed by the Aga Khan Fund for Economic Development, is one of Pakistan's most internationally connected banks, operating the only Pakistani branch in Beijing since 2021. It has also been nominated to chair a key SCO banking council for 2026-27.

By FY26's close, HBL's market cap stood at $1.54 billion, up a striking 63%, reflecting continued leadership stability and expanding regional financial influence.

10. National Bank of Pakistan (NBP)

NBP serves as an agent to the State Bank of Pakistan for government treasury transactions while also providing commercial banking services domestically and abroad. It has been active in public welfare initiatives, including subsidized electric scooter financing programs.

NBP's market cap closed FY26 at $1.52 billion, an 83% surge, the highest growth rate among the top 10, reflecting renewed investor interest in the state-linked bank's operations.