KARACHI: Pakistan Stock Exchange has announced the much-awaited list of the Top 25 Companies Awards recipients for the year 2021. The PSX Top 25 Companies Awards, initiated in 1978, have been presented to outstanding companies listed on the Pakistan Stock Exchange.
The key prerequisites for companies competing for this prestigious award include minimum dividend distribution of 30 percent, trading of shares for at least 50 percent of the total trading days during the year, and the company not being in the Defaulters’ Segment of the Exchange or not having trading in its shares suspended on account of violation of Listing Companies and 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 and 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 and Liquidity Ratios, Dividend& Solvency Payout Ratios, TSR, Free Float of Shares, Turnover of Shares, and specific quantifiers of Corporate Governance and Investors Relations, including metrics such as reporting on Corporate Social Responsibility (CSR), Sustainable Development Goals (SDGs), and Diversity and 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 PSX MD and CEO Farrukh H. Khan, on behalf of Pakistan Stock Exchange, warmly congratulated 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”, he said adding that 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, Farrukh said.
The companies that made it to the Top 25 Companies Awards list in 2021, in order of their performance ranking, are Fauji Fertilizer Company Limited, Engro Corporation Limited, Systems Limited, Ferozsons Laboratories Limited, Engro Fertilizers Limited, Security Papers Limited, Dawood Hercules Corporation Limited, Habib Bank Limited, TRG Pakistan Limited, Meezan Bank Limited, The Hub Power Company Limited, MCB Bank Limited, Cyan Limited, EFU Life Assurance Limited, Pakistan Oilfields Limited, Bank Alfalah Limited, Jubilee Life Insurance Company Limited, International Industries Limited, Engro Polymer & Chemicals Limited, Mari Petroleum Company Limited, Gadoon Textile Mills Limited, International Steels Limited, Pakistan Cables Limited, Packages Limited and Adamjee Insurance Company Limited.
Copyright Business Recorder, 2022
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