PSX announces list for top companies award for 2024

Pakistan Stock Exchange (PSX) has announced the 25 companies selected for its prestigious Top Companies Award for the calendar year 2024, recognising corporate excellence across the country’s capital markets.

The list features some of Pakistan’s largest and most influential business groups, spanning sectors such as energy, banking, engineering, technology, and fast-moving consumer goods.

A statement issued by the PSX on Wednesday said the winners were chosen based on the highest overall scores under a comprehensive selection framework approved by the PSX Board. The evaluation combines quantitative and qualitative criteria to determine which companies exemplify strong governance, performance, and market impact.

The companies named in this year’s list include Engro Corporation, Fauji Fertilizer Company, Engro Holdings, Engro Fertilizers, Sazgar Engineering Works, Habib Metropolitan Bank, Mari Energies, Bank Alfalah, EFU Life Assurance, Lucky Cement, Millat Tractors, Crescent Steel, International Industries, Nestlé Pakistan, Interloop, Habib Bank, National Foods, Haleon Pakistan, Cherat Cement, MCB Bank, Jubilee General Insurance, Colgate-Palmolive Pakistan, NetSol Technologies, Arif Habib Corporation, and Meezan Bank.

Criteria

PSX stated that the selection process is grounded in a “comprehensive and stringent” criteria set that assesses companies across multiple dimensions, including profitability, liquidity ratios, dividends, market cap, solvency ratios, free-float of shares, and turnover of shares.

The companies were also assessed on qualitative metrics like corporate social responsibility; compliance with the UN’s Sustainable Development Goals and Environmental, Social, and Governance (ESG) framework; enterprise risk management reporting; diversity and inclusion; corporate governance and investor relations practices