Mari Petroleum Company Limited (PSX: MARI), the leading oil and gas exploration firm in Pakistan, has recently entered the billion-dollar echelon at the Pakistan Stock Exchange (PSX).
CEO of Topline Securities, Mohammed Sohail, announced this milestone, stating, “Mari Petroleum, Pakistan’s leading exploration firm, joins the Billion Dollar club at Pakistan Stock Exchange (PSX).”
Alongside Mari Petroleum, six other companies, including Oil & Gas Development Company (PSX: OGDC), Colgate-Palmolive (Pakistan) Limited (PSX: COLG), Nestle Pakistan Limited (PSX: NESTLE), Meezan Bank Limited (PSX: MEBL), Pakistan Petroleum Limited (PSX: PPL), and Pakistan Tobacco Company Limited (PSX: PAKT), also boast a market value exceeding one billion dollars.
Remarkably, this reflects a substantial shift, as just five months ago, only two companies, OGDC and Nestle, held such a valuation, highlighting the rapid expansion and growth in Pakistan’s stock market.
