Pakistan Stock Exchange (PSX), on Monday announced the much awaited list of the recipients of the Top 25 Companies Awards for the year 2021. The Top 25 Companies Awards, initiated in the year 1978 are presented to the companies listed at PSX posting outstanding performance.
The key pre-requisites for companies competing for this prestigious award include minimum dividend distribution of 30%, trading of shares for at least 50% of the total trading days during the year, and the company not being on 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. Specific weightages are also included for reporting on Sustainable Development Goals (SDGs) as well as for Diversity & Inclusion to qualify for the PSX Top 25 Companies Award.
Companies which have shown outstanding performance in terms of corporate governance, financial performance, increasing shareholder value and have reported on sustainability make it to the Top 25 Companies list. Specifically, companies who have outperformed others in terms of their Profitability & Liquidity Ratios, Dividend & Solvency Payout Ratios, TSR, Free Float of Shares, Turnover of Shares, and specific quantifiers of Corporate Governance & Investors Relations, including metrics such as reporting on Corporate Social Responsibility (CSR), Sustainable Development Goals (SDGs), and Diversity & Inclusion are selected for the PSX Top 25 Companies Award.
Speaking at the occasion of announcement of the PSX Top 25 Companies Awards 2021, the Managing Director and Chief Executive officer of (PSX) Farrukh H. Khan, stated, “On behalf of 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.”
The companies that made it to the Top 25 Companies Awards list in 2021, in order of their performance ranking, are:
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
