Pakistan’s corporate landscape includes energy firms, leading banks, major industrial groups, telecommunications providers, and consumer-goods businesses. Here’s a list of the largest publicly listed companies in Pakistan by market capitalisation, as of 23 April 2026.
Our rankings show the largest companies listed on the Pakistan Stock Exchange (PSX) by market capitalisation in USD, together with share prices.
| Rank | Company | Market cap (USD) | Share price (USD) |
|---|---|---|---|
| 1 | Oil & Gas Development Company | $4.9bn | $1.14 |
| 2 | United Bank (Pakistan) | $3.7bn | $1.46 |
| 3 | Meezan Bank | $3.1bn | $1.75 |
| 4 | Mari Petroleum Company | $2.8bn | $2.36 |
| 5 | Fauji Fertilizer Company | $2.7bn | $1.89 |
| 6 | Lucky Cement | $2.2bn | $1.53 |
| 7 | Pakistan Petroleum | $2.2bn | $0.82 |
| 8 | MCB Bank Pakistan | $1.7bn | $1.47 |
| 9 | National Bank of Pakistan | $1.6bn | $0.74 |
| 10 | Habib Bank | $1.6bn | $1.07 |
The information on this page is based on public disclosures, including PSX data and company reports. It is provided for informational purposes only and does not constitute investment advice. Although accurate as of the stated date, figures may change without notice.
The Pakistan Stock Exchange (PSX), headquartered in Karachi, is the country's primary equities marketplace, where investors can buy and sell shares in publicly listed companies (Pakistan Stock Exchange, 22 April 2026). The benchmark index is the KSE-100, which tracks 100 of the largest companies by market capitalisation across sectors listed on the exchange. The index level changes over time with market conditions. The PSX operates as a digitised, regulated marketplace that supports price discovery, liquidity, and a transparent mechanism for capital allocation across Pakistan's economy (Pakistan Stock Exchange, 15 March 2025). For CFD traders, PSX-listed companies can provide exposure to Pakistan's corporate sector without requiring direct ownership of the underlying shares.*
*Contracts for difference (CFDs) are traded on margin – leverage amplifies both profits and losses.
Pakistan's economy has shown signs of stabilisation, which can influence equity valuations and investor confidence. Real GDP growth reached 3.7% in Q1 FY2026, more than double the 1.6% recorded in the same period a year earlier, according to the Finance Division (The Nation, 30 January 2026). The World Bank revised its full-year FY2026 GDP growth forecast to 3%, while projecting inflation to average 7.4% for the fiscal year after declining to 4.5% in FY2025. The current account is forecast to swing from a surplus of 0.5% of GDP in FY2025 to a deficit of 1.2% in FY2026, signalling rising import demand as economic activity picks up (Profit by Pakistan Today, 10 April 2026). Together, these conditions may shape the earnings outlook and investor appetite for PSX-listed companies.
Banks make up a significant portion of the PSX's top companies by market cap, with United Bank, Meezan Bank, MCB, National Bank of Pakistan, and Habib Bank all featuring in the top 10. Pakistan's banking sector reported a combined profit of 671bn PKR in calendar year 2025, an 11% year-on-year increase, with United Bank leading earnings at 130bn PKR and National Bank of Pakistan recording 227% profit growth (Dawn, 27 February 2026). However, the sector also faces near-term margin pressure: lending rates fell to 11.02% in February 2026 as the State Bank of Pakistan (SBP) held its benchmark policy rate at 10.50%, compressing net interest income (Reuters, 26 January 2026). Falling lending rates can benefit borrowers and may support credit growth, but they can also reduce returns on banks' investment portfolios, which creates a more mixed picture for shareholders (ProPakistani, 18 March 2026).
The energy sector dominates Pakistan's market cap rankings, with Oil & Gas Development Company (OGDC), Mari Petroleum, and Pakistan Petroleum all placing in the top 10. OGDC is the largest listed company by market capitalisation on the PSX, and Pakistan's government has said that petroleum product stocks remain at comfortable levels despite regional tensions (Profit by Pakistan Today, 4 March 2026). The sector is linked to Pakistan's domestic energy demand and the government's focus on energy security, though it also faces structural challenges, including circular debt within the broader power sector – OGDC received its seventh monthly instalment of 7.725bn PKR under a government-approved circular debt settlement mechanism in January 2026, with twelve equal payments running from July 2025 through mid-2026 (Mettis Global, 23 January 2026). Energy companies' share prices are particularly sensitive to global crude oil prices, the USD/PKR exchange rate, and domestic government pricing policy, all of which can shift valuations quickly.
Market capitalisation is the total value of a company’s outstanding shares. It’s calculated by multiplying the current share price by the number of shares outstanding. A larger market capitalisation usually indicates a more established company. However, past performance is not a reliable indicator of future results.
To trade Pakistani share CFDs, open and verify an account with a regulated CFD provider. Deposit funds, choose Pakistani shares on the trading platform, and place buy or sell orders. Contracts for difference (CFDs) are traded on margin, and leverage can magnify both profits and losses. Risk management tools such as take-profit and stop-loss orders can help limit downside, but standard stop-loss orders are not guaranteed. Guaranteed stop-loss orders (GSLOs) incur a fee if activated.
Market capitalisations fluctuate daily as share prices move. They also change when companies issue new shares or carry out buy-backs, so it’s important to check updated data regularly. Past performance is not a reliable indicator of future results.
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