PSX awards top performing firms

KARACHI: Fauji Fertilizer Company (FFC) has topped the list of 25 best performing companies issued by the Pakistan Stock Exchange (PSX) on Thursday.

Every year, PSX acknowledges the performance of the companies on the basis of comprehensive criteria, which includes dividend payout, capital efficiency, profitability, free-float of shares, transparency, corporate governance, investors’ relation and compliance with Listing of Companies and Securities Regulations.

The awards given by the exchange to the top companies recognise their excellent financial and managerial performance, thereby providing them inter-alia a powerful marketing tool.

PSX has announced top 25 companies for the year 2016 that have been selected on the basis of highest score obtained as per the criteria.

FFC is followed by Bank AL Habib, Crescent Steel and Allied Products, Archroma Pakistan, Atlas Honda, Security Papers, Arif Habib Limited, United Bank, Nestle Pakistan, Pakistan International Container Terminal, Colgate-Palmolive (Pakistan), JDW Sugar Mills, Habib Metropolitan Bank, Cherat Packaging, Indus Motor Company, Ferozsons Laboratories, Shifa International Hospitals, Allied Bank, MCB Bank, Kohinoor Textile Mills, Atlas Battery, Rafhan Maize Products Company, Meezan Bank, Habib Bank Limited, and Jubilee Life Insurance Company.