The National Bank of Pakistan (NBP) has reached an important milestone by officially entering the “Billion Dollar Club.” It has now become the fifth bank listed on the Pakistan Stock Exchange (PSX) to cross a market capitalization of over one billion US dollars.
This big step came after a strong performance in the stock market, where NBP’s share price increased by Rs12.37 during the day and closed at Rs139.13, showing a gain of 9.76%. This rise shows that investors are confident in the bank’s future and believe it is on the right path.
With this achievement, NBP now has a total market value of around $1.04 billion. It is ranked as the 14th largest company among all those listed on the PSX, moving ahead of companies like Engro Fertilizers (EFERT). It now stands alongside other major names like Colgate-Palmolive (COLG) and Bestway Cement (BWCL).
By joining this group, NBP is now in the same league as other well-known banks such as Habib Bank Limited (HBL), MCB Bank, and United Bank Limited (UBL). This moment marks a major success for NBP and shows how it continues to grow and strengthen its position in Pakistan’s banking industry.
