PSX announces 'Top 25 Companies' awards recipients for the year 2023

KARACHI: Pakistan Stock Exchange (PSX) is proud to announce the list of Top 25 Companies Awards recipients for the year 2023.

The PSX Top 25 Companies Awards, launched in 1978, are a prestigious and widely-respected awards recognising excellence in the corporate sector & industry of Pakistan.

The companies that make it to the list of the coveted awards are selected on the basis of their financial performance, governance & operational achievements as well as Sustainability and ESG related initiatives.

The PSX Top 25 Companies Awards recognises companies achieving certain key pre-requisites for this prestigious award which include having a minimum dividend distribution of 30% and shares of the company having been traded at least 75% of the total trading days in a year, among other pre-requisites.

Subject to achieving these pre-requisites, the companies are further weighed based on certain quantitative and qualitative criteria. In terms of quantitative criteria, PSX selects listed companies which have performed exceptionally in the context of profitability ratios, dividend related ratios, and turnover of shares, among other specifics.

In terms of qualitative criteria, PSX selects high-performing listed companies based on Corporate Social Responsibility (CSR), reporting on SDGs, ESG related initiatives, and Diversity & Inclusion, among other considerations.

Announcing the PSX Top 25 Companies Awards winners for 2023, Mr. Nadeem Naqvi, Acting CEO of PSX, stated, “On behalf of Pakistan Stock Exchange, I extend my heartiest congratulations to the recipients of the PSX Top 25 Companies Awards for the year 2023. These awards showcase excellence in Pakistan’s corporate, business and industrial landscape whereby the top performing companies who have excelled based on financial, governance, ESG, D&I and other quantitative and qualitative criteria, are duly recognised and awarded”.

He further stated, “The winning of this accolade by the respective companies will send a strong message to investors globally and locally that these Pakistani companies and industries are at par with global corporate and industrial performers. Furthermore, winning this prestigious and distinctive award is a clear reflection of the competence and capabilities of such companies in their ability to do business successfully with current, future or potential local and international business partners”.

The companies that made it to the Top 25 Companies Awards list in 2023, in order of their ranking, are:

1. Engro Corporation Limited
2. Engro Fertilizers Limited
3. Fauji Fertilizer Company Limited
4. The Hub Power Company Limited
5. Bank Alfalah Limited
6. Habib Bank Limited
7. Habib Metropolitan Bank Limited
8. Mari Petroleum Company Limited
9. Systems Limited
10. Cherat Cement Company Limited
11. Lucky Cement Limited
12. Meezan Bank Limited
13. Engro Polymer & Chemicals Limited
14. Pakistan Oilfields Limited
15. Image Pakistan Limited
16. MCB Bank Limited
17. Faysal Bank Limited
18. Nestle Pakistan Limited
19. Adamjee Insurance Company Limited
20. Indus Motor Company Limited
21. International Industries Limited
22. United Bank Limited
23. Pakistan State Oil Company Limited
24. Security Papers Limited
25. Bank AL Habib Limited

Read More: PSX smashes records as KSE-100 breaches 94,000 mark

On 14 Nov, the benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) touched an all-time high as it breached the 94,000 mark on Thursday.

The KSE-100 index gained 836.47 points, or 0.9 percent to settle at 94,191.89 points at the closing of the stock market, as against the previous day’s closing of 93,355.43 points.

A total of 1.08 billion shares were traded during the day at the PSX, as compared with 807.06 million shares the previous trading day.

The price of shares stood at Rs32.68 billion, as against Rs31.68 billion on the last trading day at the stock market.