Karachi 30, March, 2022: In a year full of events and developments, some positive and some challenging, Pakistan Stock Exchange has announced the recipients of the Top 25 Companies Awards for the year 2020. Every year, the Exchange acknowledges the performance of the top companies shortlisted on the basis of comprehensive criteria, which includes (i) Capital Efficiency, (ii) Total Shareholder Return, (iii) Growth in Operating Revenue, (iv) Change in EBITDA Margin, (v) Free-Float of Shares, (vi) Turnover of Shares, (vii) Reporting on Sustainability Development Goals, (viii) Diversity and Inclusion, (ix) Corporate Governance & Investor Relations and (x) Compliance with Listing of Companies & Securities Regulations.
The awards given by the Exchange to the top companies recognizes their excellent financial and managerial performance, and provides the top companies with a powerful marketing tool. Pakistan Stock Exchange Limited is pleased to announce the names of the top 25 companies for the year 2020 that have been selected on the basis of the highest score obtained as per the Criteria for Selection of Top Companies.
Among renowned groups in Pakistan Fauji Foundation group companies secured four positions in the list. List of Fauji Foundation group companies included in the list are (1) Fauji Fertilizer Company Limited, (2) Askari Bank Limited, (3) Mari Petroleum Company Limited and (4) Fauji Fertilizer Bin Qasim Limited. From Engro group only one company Engro Polymer & Chemicals Limited is placed at number 15 in the list. Lucky cement group has secured only one position by ICI Pakistan Limited which is placed at 13 in the list.
The Top 25 Companies Award is a tradition at Pakistan Stock Exchange which goes back to 1978. Historically, the best performing listed companies in Pakistan are awarded this distinction. Broadly speaking, companies which have outperformed others in the spheres of corporate governance, financial performance, and have added to shareholder value based on specific quantitative criteria, amongst other factors, make it to the Top 25 Companies List.
This award takes into account the excellent performance metrics of such companies and recognizable guidance of their boards and strong management. By awarding and recognizing such role models, Pakistan Stock Exchange seeks to promote more such listed companies to come to the fore and make their rightful claim on the award by virtue of their excellent performance and contribution to Pakistan’s economy.
The companies that made it to the Top 25 Companies Awards list in 2020, in order of their performance ranking, are:
- Fauji Fertilizer Company Limited
- Meezan Bank Limited
- Systems Limited
- Security Papers Limited
- Archroma Pakistan Limited
- Fauji Fertilizer Bin Qasim Limited
- Mari Petroleum Company Limited
- Askari Bank Limited
- Abbott Laboratories (Pakistan) Limited
- Century Paper & Board Mills Limited
- Cherat Packaging Limited
- Cherat Cement Company Limited
- ICI Pakistan Limited
- Ghani Global Glass Limited
- Engro Polymer & Chemicals Limited
- International Industries Limited
- Redco Textiles Limited
- Hum Network Limited
- Mehran Sugar Mills Limited
- Tri-Pack Films Limited
- Al-Abbas Sugar Mills Limited
- International Steels Limited
- Synthetic Products Enterprises Limited
- Attock Cement Pakistan Limited
- OLP Modaraba (Formerly: Orix Modaraba)
On the announcement of the Top 25 Companies Awards recipients, the MD & CEO of Pakistan Stock Exchange, Mr. Farrukh H. Khan, stated, “Top 25 Companies Award is the most prestigious recognition of overall corporate performance in Pakistan. I would like to congratulate all the companies that have achieved this distinction for 2020. They are leaders and role models for other corporates to emulate. These companies have created tremendous shareholder value, contributed significantly to Pakistan’s economy and have projected a positive image of Pakistan globally. He further stated, “I am also excited to share that for the year 2021, PSX has further improved the criteria for the Top 25 Companies award to take into account current trends and developments in the investment industry. This includes focus on total shareholder returns rather than just dividends, reporting on diversity and sustainable development goals (SDGs), amongst others changes. “
