Pakistan Stock Exchange has announced the recipients of the top 25 companies awards for the year 2020.
The key pre-requisites for this prestigious award include Total Shareholder Return (TSR), shares must trade for at least 50% of the total trading days during the year, and that the company is not in the Defaulters’ Segment of the Exchange or trading in its shares has not been suspended on account of violation of Listing Companies and Securities Regulations of the Exchange during the said year, said a press release on Monday.
This year, specific weightage was also added for diversity and reporting on SDGs. Since 1978, the PSX Top 25 Companies Awards have been presented to outstanding companies listed on the Stock Exchange.
Specifically, companies who have outperformed others in terms of their capital efficiency, TSR, free float of shares, growth in operating revenue, turnover of shares, and specific quantifiers of corporate governance and investors relation are eligible for the PSX top 25 companies award.
Moreover, companies that had outperformed in other metrics such as reporting on Corporate Social Responsibility , Sustainable Development Goals, and Diversity and Inclusion are eligible for this prestigious award.
The companies that made it to the Top 25 Companies Awards list in 2020, in order of their performance ranking are:-
PSX Top 25 companies for the year 2020
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 Marketing & Business, 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 and OLP Modaraba (Formerly: Orix Modaraba).
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