In an exciting development for the capital markets and the economy as a whole, the Pakistan Stock Exchange announced the much-awaited list of the Top 25 Companies Awards recipients for the year 2022. These are the most prestigious and coveted awards in the corporate sector and were initiated by the Exchange in 1978, according to a news release here on October 10, 2023.
The selected companies have excelled on the basis of their financial performance, governance, and operational achievements, as well as sustainability and ESG-related initiatives. They truly are leaders in all respects in Pakistan’s corporate sector. The PSX Top 25 Companies Awards recognize companies achieving certain key pre-requisites for this prestigious award, which include having a minimum dividend distribution of 30 percent and shares of the company having been traded at least 75 percent 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 selected high-performing listed companies based on corporate social responsibility (CSR), reporting on SDGs, ESG-related initiatives, and diversity and inclusivity, among other considerations. The companies that made it to the Top 25 Companies Awards list in 2022, in order of their ranking includes Fauji Fertilizer Company Limited, Engro Corporation Limited, Systems Limited, Engro Fertilizers Limited, Engro Powergen Qadirpur Limited, Engro Polymer & Chemicals Limited, Security Papers Limited, Habib Bank Limited,Pakistan Oilfields Limited, Bank Alfalah Limited, Habib Metropolitan Bank Limited, Millat Tractors Limited, Mari Petroleum Company Limited, Cherat Cement Company Limited, United Bank Limited, Archroma Pakistan Limited, International Industries Limited, MCB Bank Limited, Lotte Chemical Pakistan Limited, Indus Motor Company Limited, Jubilee Life Insurance Company Limited, Pakistan Cables Limited, The Hub Power Company Limited, Cherat Packaging Limited, Pakistan State Oil Company Limited. rb.gy/8l2ie
Source: IBP