Investing in the Pakistan Stock Exchange (PSX) can be a smart way to grow your money. With a wide variety of companies to choose from, it’s important to find ones that have growth potential. Here’s a list of 20 companies you might want to consider investing in for 2024:
1. Oil & Gas Development Company Limited (OGDC)
Oil & Gas Development Co. Ltd. engages in the exploration and development of oil and gas resources. It also involved in exploration, drilling, process and plants, production, reservoir management, and engineering support. The company was founded on March 4, 1961 and is headquartered in Islamabad, Pakistan.
2. Pakistan Petroleum Limited (PPL)
Pakistan Petroleum Ltd. engages in the business of conducting exploration, prospecting, developing, and producing hydrocarbons and mineral resources. The firm offers oil, gas, and barytes. The company was founded on June 5, 1950 and is headquartered in Karachi, Pakistan
3. United Bank Limited (UBL)
United Bank Ltd. engages in the provision of commercial banking and related services. It operates through the following segments: Corporate and Commercial Banking, Treasury, Branch Banking, Islamic Banking, International Branch Operations, and Others.
The company was founded by Anwar M. Pervez on November 7, 1959 and is headquartered in Karachi, Pakistan
4. Meezan Bank Limited (MEBL)
Meezan Bank Ltd. is a bank holding company, which provides Islamic banking products and services. It operates through following segments: Corporate and Commercial Banking, Retail Banking, Trading and Sales, and Others.
The company was founded by Irfan Siddiqui on January 27, 1997 and is headquartered in Karachi, Pakistan.
5. Lucky Cement Limited (LUCK)
Lucky Cement Ltd. engages in the manufacture and marketing of cement. The firm operates through the following segments: Cement, Polyester, Soda Ash, Pharma, Life Sciences & Chemicals, Automobiles, Power Generation and Others. Its products include ordinary portland cement, sulphate resistant cement, and clinker.
The company was founded by Abdul Razzak Tabba on September 18, 1993 and is headquartered in Karachi, Pakistan.
6. Bestway Cement Limited (BWCL)
Bestway Cement Ltd. engages in the manufacture and marketing of cement. Its products and services include sulphate resistant cement, xtreme tile bond, xtreme tile grout, low alkali cement, low heat cement, and stallion high quality cement, electronic and print advertisements, and landmark projects. The company was founded by Mohammed Anwar Pervez on December 22, 1993 and is headquartered in Islamabad, Pakistan.
7. System Limited (SYS)
Systems Ltd. engages in the provision of business process outsourcing and information technology enabled solutions. The firm offers software solutions, automated, and unified workflows and business processes to the government and private institutions. It operates through the following geographical segments: North America, Europe, Middle East, and Pakistan.
The company was founded by Aezaz Hussain on December 13, 1977 and is headquartered in Lahore, Pakistan.
8. Netsol Limited (NETSOL)
Netsol Technologies Ltd. engages in the provision of automated and information technology-enabled solutions. It operates through the following segments: Global Leasing and Financial Solutions (NFS), Information Security (IS) and Software Services and Solutions (SSS), and Business Process Outsourcing (BPO).
The BPO segment provides information technology related outsourcing services mainly in the USA and European regions. The company was founded by Salim Ullah Ghauri in 1995 and is headquartered in Lahore, Pakistan.
9. Pakistan Telecommunication Company Limited (PTCL)
Pakistan Telecommunication Co. Ltd. engages in the provision of telecommunication services. The company operates through the following segments: Fixed Line Communications (Wireline), Wireless Communications (Wireless), and Banking. The company was founded on December 31, 1995 and is headquartered in Islamabad, Pakistan.
In 2024 PTCL also get the ownership of Telenor.
10. Pakistan State Oil (PSO)
Pakistan State Oil Co. Ltd. engages in the procurement, storage, and marketing of petroleum and related products. The firm offers retail fuels, gaseous fuels, alternate fuels, lubricants, cards, PSO electric vehicle charger, non fuel retail, consumer business, aviation, marine & export, product prices & DigiCash. It operates through the following segments: Petroleum Products, Liquefied Natural Gas, Refining Operations and Others.
The company was founded on December 30, 1976 and is headquartered in Karachi, Pakistan.
11. Pakistan International Airlines (PIAA)
Pakistan International Airlines Corp. Ltd. is a holding company, which engages in the provision of commercial air transportation, which includes passenger, cargo, and postal carriage services. It operates through the following segments: Airlines Operations, Hotel Operations, and Others. The Airlines Operation segment offers air transport and other allied services.
The Hotel Operations segment provides accommodation and related services in Pakistan, United States, and Europe. The company was founded on January 10, 1955 and is headquartered in Karachi, Pakistan.
12. International Industries Limited (INIL)
International Industries Ltd. engages in the manufacture, sale and export of steel pipes, plastic pipes and fittings, and stainless-steel tubes. Its products include GI pipes, CR steel tubes, API line pipes, Black pipe, and polymer. It operates through the following segments: Steel, Polymer, and Investment.
The company was founded by Amir Sultan Chinoy in 1948 and is headquartered in Karachi, Pakistan.
13. International Steels Limited (ISL)
International Steels Ltd. engages in the manufacture and sale of steel coils and sheets. Its products include cold rolled, hot dipped galvanized, and color coated steel. The company was founded by Amir Sultan Chinoy on September 3, 2007 and is headquartered in Karachi, Pakistan.
14. Sazgar Engineering Works Limited (SAZEW)
Sazgar Engineering Works Ltd. engages in the manufacture of automotive parts. It operates through following segments: Auto-Rickshaw, Automotive Parts, Household Appliances, and Automobiles-Four Wheeler. The Auto-Rickshaw segment engages in selling of auto-rickshaw assembled by the company. The company was founded on September 21, 1991 and is headquartered in Lahore, Pakistan.
15. Millat Tractors Limited (MTL)
Millat Tractors Ltd. engages in the manufacture, trading, and assembling of machinery, heavy equipment, and parts. It operates through the following segments: Tractors, Tractor Components, Castings, and Others. The company was founded by Rana Khuda Daad on June 8, 1964 and is headquartered in Lahore, Pakistan.
16. Interloop Limited (ILP)
Interloop Ltd. engages in the manufacture of hosiery products. It offers a range of socks with various quality levels and price points in line with all types of customers including brands, retailers, and specialty stores; and yarns for denim, hosiery, and weaving industry. The company was founded by Musadaq Zulqarnain, Navid Fazil, and Tariq Rashid Malik on April 24, 1992 is headquartered in Faisalabad, Pakistan.
17. Hub Power Co. Limited (HUBC)
The Hub Power Co. Ltd. engages in the development, ownership, operation and maintenance of power stations. It operates through the following segments: Power Generation, Operations and Maintenance, and Investments. The Power Generation segment focuses on Hub plant, Narowal plant, Laraib plant, and Thar plant. The company was founded on August 1, 1991 and is headquartered in Karachi, Pakistan.
18. Indus Motor Company Limited (INDU)
Indus Motor Co. Ltd. engages in the manufacture and marketing of Toyota brand vehicles. The firm also distributes Daihatsu vehicles. Its activities include the complete knock-down operations of Corolla, Hilux, and Fortuner; and complete built unit sales of Land Cruiser, Prado, Hiace, Camry, Avanza, Coaster, and Prius. The company was founded on December 17, 1989 and is headquartered in Karachi, Pakistan.
19. Mari Petroleum Company Limited (MARI)
Mari Petroleum Co. Ltd. is engaged in the exploration, development, and production of hydrocarbon potentials, which includes natural gas, crude oil, condensate and LPG. The company was founded on December 4, 1984 and is headquartered in Islamabad, Pakistan.
20. Lotte Chemical Limited (LOTCHEM)
Lotte Chemical Pakistan Ltd. engages in the manufacturing and sale of purified terephthalic acid. It supplies products to the textile, domestic polyester, and polyethylene terephthalate packaging industries. The company was founded in 1967 and is headquartered in Karachi, Pakistan.
Conclusion
These 20 companies represent various sectors of the Pakistani economy, offering investors a diverse range of options to consider for investment in the PSX for 2024. Remember, investing involves risks, so it’s essential to conduct thorough research and consider your financial goals before making any investment decisions. If you looking for a brokerage to invest here is the link top 10 brokerage firms for Pakistan Stock Exchange.
