Pakistan Stock Exchange announced the long-awaited list of the Top 25 Companies Awards recipients for the year 2021.
Initiated in the year 1978, the PSX Top 25 Companies Awards have been presented to outstanding companies listed on the Stock Exchange.
The vital pre-requisites for companies striving for this prestigious award include minimum dividend distribution of 30%, trading of shares for at least 50% of the total trading days in the year, and the company not being in the Defaulters’ Segment of the Exchange or not having trading in its shares suspended on account of violation of Listing Companies & Securities Regulations of the Exchange during the said year.
Moreover, companies who have outperformed others regarding their Dividend & Solvency Payout Ratios, Profitability & Liquidity Ratios, Free Float of Shares, Turnover of Shares, TSR, and specific quantifiers of Corporate Governance & Investors Relations, including metrics like reporting on Corporate Social Responsibility (CSR), Sustainable Development Goals (SDGs), and Diversity & Inclusion are nominated for the PSX Top 25 Companies Award.
Following is the list of companies that have shown outstanding performance in terms of financial performance, corporate governance, and increasing shareholder value and have reported on sustainability make it to the top 25 companies list:
1. Fauji Fertilizer Company Limited
2. Engro Corporation Limited
3. Systems Limited
4. Ferozsons Laboratories Limited
5. Engro Fertilizers Limited
6. Security Papers Limited
7. Dawood Hercules Corporation Limited
8. Habib Bank Limited
9. TRG Pakistan Limited
10. Meezan Bank Limited
11. The Hub Power Company Limited
12. MCB Bank Limited
13. Cyan Limited
14. EFU Life Assurance Limited
15. Pakistan Oilfields Limited
16. Bank Alfalah Limited
17. Jubilee Life Insurance Company Limited
18. International Industries Limited
19. Engro Polymer & Chemicals Limited
20. Mari Petroleum Company Limited
21. Gadoon Textile Mills Limited
22. International Steels Limited
23. Pakistan Cables Limited
24. Packages Limited
25. Adamjee Insurance Company Limited
Speaking on the occasion, the MD & CEO of PSX, Mr. Farrukh H. Khan, said, “On behalf of the Pakistan Stock Exchange, I warmly congratulate the recipients of the PSX Top 25 Companies Awards 2021. At a time when we need positive economic news and role models in Pakistan, the PSX Top 25 Companies Awards showcases the best of the best in corporate performance, profitability, governance, and reporting on sustainability in Pakistan’s industry and business world. This Award presents a positive image of Pakistan’s business and economy, both domestically and internationally. These companies are not just best in class in Pakistan but also compare with the best global companies.”