KARACHI: The Pakistan Stock Exchange (PSX) has unveiled the recipients of the prestigious Top 25 Companies Awards for 2023, celebrating the nation’s top corporate achievers.
First introduced in 1978, the PSX Top 25 Companies Awards highlight exceptional performance in the corporate sector, focusing on financial success, governance, sustainability, and ESG (Environmental, Social, and Governance) initiatives.
To qualify, companies must meet certain benchmarks, including a minimum dividend distribution of 30% and a minimum of 75% share trading activity throughout the year. These companies are evaluated based on both quantitative criteria such as profitability, dividend ratios, and share turnover, as well as qualitative factors like Corporate Social Responsibility (CSR), diversity, and ESG practices.
Speaking at the announcement, Mr. Nadeem Naqvi, Acting CEO of PSX, expressed congratulations to the awardees, emphasizing that the recognition reflects the highest standards of financial, governance, and social responsibility. He noted that this honor enhances the global image of these companies, proving they operate at a level comparable to top global businesses.
The 2023 Top 25 Companies, in ranked order, include:
Engro Corporation Limited
Engro Fertilizers Limited
Fauji Fertilizer Company Limited
The Hub Power Company Limited
Bank Alfalah Limited
Habib Bank Limited
Habib Metropolitan Bank Limited
Mari Petroleum Company Limited
Systems Limited
Cherat Cement Company Limited
Lucky Cement Limited
Meezan Bank Limited
Engro Polymer & Chemicals Limited
Pakistan Oilfields Limited
Image Pakistan Limited
MCB Bank Limited
Faysal Bank Limited
Nestle Pakistan Limited
Adamjee Insurance Company Limited
Indus Motor Company Limited
International Industries Limited
United Bank Limited
Pakistan State Oil Company Limited
Security Papers Limited
Bank AL Habib Limited
In related news, on November 14th, the PSX KSE-100 Index hit an all-time high, surpassing the 94,000-point mark, reflecting an optimistic trading environment. The index rose by 836.47 points, closing at 94,191.89 points, with a total of 1.08 billion shares traded, showing significant market activity.
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