Top Groups on Pakistan Stock Exchange (Market Cap)
Top Groups on Pakistan Stock Exchange and Their Market Cap
The Pakistan Stock Exchange (PSX) is the financial heartbeat of Pakistan, reflecting the performance of the country’s leading businesses, industrial groups, and investors. Market capitalization rankings not only highlight the size and strength of corporate groups but also reveal how different industries shape the economic future of the country.
As of August 9, 2025, the PSX data highlights the Top 20 Groups by Market Capitalization, showing how diversified conglomerates, multinational companies, and family-owned businesses dominate the corporate landscape. This blog by Burraq Consulting provides an in-depth analysis of these groups, their financial strength, and their role in Pakistan’s economy.
Top Groups on PSX
The table released on August 9, 2025, highlights the Top 20 Groups on Pakistan Stock Exchange by Market Cap. Here is a snapshot:
- 1st Rank: Fauji Group – Market Cap: PKR 1,689,606 million (~US$5,940 million)
- 2nd Rank: Engro Group – Market Cap: PKR 1,263,941 million (~US$4,443 million)
- 3rd Rank: Sohail and Mohd Ali Tabba Group (Lucky) – Market Cap: PKR 725,484 million (~US$2,549 million)
- 4th Rank: Nishat Group – Market Cap: PKR 671,470 million (~US$2,358 million)
- 5th Rank: Dawood Group – Market Cap: PKR 668,106 million (~US$2,349 million)
These rankings demonstrate the concentration of wealth and power among a handful of groups, many of which have diversified portfolios covering multiple industries.
Detailed Analysis of Top Groups
1. Fauji Group
The Fauji Foundation Group continues to dominate Pakistan’s corporate sector, with the highest market capitalization of PKR 1.68 trillion. This military-backed conglomerate has diversified interests across fertilizer, cement, food, power generation, oil & gas, and financial services.
- Key Companies: Fauji Fertilizer Company (FFC), Fauji Cement, Mari Petroleum.
- Equity Holding: PKR 705,653 million (~US$2,480 million).
- Why Leading? Strong governance, profitability in fertilizer and petroleum, and consistent dividends.
2. Engro Group
Engro Corporation remains one of the largest private conglomerates in Pakistan, with a market cap of PKR 1.26 trillion. Its presence spans fertilizers, energy, petrochemicals, food, and telecommunications.
- Key Companies: Engro Fertilizers, Engro Polymer & Chemicals, Engro Powergen, FrieslandCampina Engro Pakistan (formerly Engro Foods).
- Why Strong? Diversification across food security and energy, coupled with international partnerships.
3. Tabba Group (Lucky)
The Tabba family’s Lucky Group has emerged as one of the fastest-growing industrial groups, with a market cap of PKR 725 billion. Originally rooted in cement manufacturing, it has diversified into energy, chemicals, real estate, and automobiles.
- Key Companies: Lucky Cement, Lucky Electric, Kia Motors Pakistan.
- Why Important? Forward-looking diversification and investments in new sectors like automobiles and renewables.
4. Nishat Group
Nishat Group, led by Mian Mansha, remains one of Pakistan’s most powerful family-owned conglomerates. With a market cap of PKR 671 billion, it operates across banking, textiles, cement, power generation, and insurance.
- Key Companies: MCB Bank, Nishat Mills, DG Khan Cement, Adamjee Insurance.
- Why Dominant? Strong influence in financial sector through MCB Bank and diversified industrial base.
5. Dawood Group
With a market cap of PKR 668 billion, Dawood Hercules Group plays a critical role in Pakistan’s corporate landscape.
- Key Companies: Dawood Hercules, Engro Corporation (major holding), Cyan Limited.
- Why Notable? Strategic investments in Engro Group make Dawood Group a strong financial powerhouse.
6. Bestway Group
Bestway, originally based in the UK, has built a strong presence in Pakistan through its ownership of UBL (United Bank Limited) and Bestway Cement.
- Market Cap: PKR 484 billion.
- Why Significant? Combines financial services with industrial investments.
7. Ghulam Faruque Group
Known for its diversified businesses in cement, chemicals, and sugar, Ghulam Faruque Group holds a market cap of PKR 448 billion.
8. Arif Habib / Ali Habib Group
The Habib family is historically one of the most influential business families in Pakistan. With a combined market cap of PKR 392 billion, the group dominates in brokerage, financial services, cement, and fertilizers.
- Key Companies: Arif Habib Corporation, Pak Arab Fertilizer, Power Cement.
9. Attock Group
The Attock Group, with a market cap of PKR 380 billion, is primarily focused on oil refining, petroleum, and energy.
- Key Companies: Attock Petroleum, Attock Cement, Attock Refinery.
10. Pakistan Tobacco Company
A subsidiary of British American Tobacco, PTC dominates the cigarette and tobacco sector with a market cap of PKR 382 billion.
11. Ibrahim Group
Market Cap: PKR 336 billion. Known for Allied Bank Limited (ABL) and its role in the textile industry.
12. Hashoo Group
One of Pakistan’s most prominent hospitality groups, Hashoo has diversified into energy and other businesses, with a market cap of PKR 321 billion.
- Key Brand: Pearl Continental Hotels.
13. Jahangir Siddiqui Group (JS Group)
With a market cap of PKR 254 billion, JS Group is influential in banking, insurance, investment, and brokerage.
14. Ibrahim (Luqman)
Market Cap: PKR 207 billion. Focused on finance and textiles.
15. Unilever Pakistan
A multinational consumer goods giant with a market cap of PKR 201 billion. Known for brands like Lifebuoy, Surf Excel, Lux, Knorr, and Walls.
16. Packages Group (Packages Ltd, Nestlé Pakistan stake)
Market Cap: PKR 194 billion. Strong in packaging, paper, and food.
17. Shakoor Habib Family
Market Cap: PKR 154 billion. Presence in industrial sectors.
18. Monnoo Industries
Market Cap: PKR 139 billion. Primarily textile-focused.
19. Bibo Group
Market Cap: PKR 93 billion.
20. Descon Group
Market Cap: PKR 79 billion. Focused on engineering, construction, and chemicals.
Sectoral Insights
- Banking & Financial Services – MCB, UBL, Allied Bank, and JS dominate.
- Cement & Construction – Lucky Cement, DG Khan Cement, Bestway Cement, Attock Cement.
- Textiles – Nishat, Ibrahim, Monnoo.
- Consumer Goods – Unilever, Packages, PTC.
This diversification reflects Pakistan’s growing but still concentrated economic structure.
Trends & Observations
- Family-Owned Conglomerates Dominate – Nishat, Tabba, Habib, and Dawood families.
- Military-Backed Groups Still Lead – Fauji Group’s dominance continues.
- Multinationals Hold Key Consumer Segments – Unilever and PTC.
- Diversification is Key to Resilience – Groups that spread across sectors show stronger market caps.
Implications for Investors
- Stable Sectors: Banking, cement, and fertilizers.
- Growth Sectors: Energy, telecom, consumer goods.
- Risk Factors: Political instability, currency devaluation, and regulatory pressures.
Foreign investors often see Pakistan’s blue-chip stocks (MCB, UBL, Engro, Lucky Cement, Fauji Fertilizer) as safe long-term bets.
Role of Burraq Consulting
At Burraq Consulting, we help:
- Investors – Understand PSX dynamics and identify profitable sectors.
- Businesses – Strategize growth, compliance, and diversification.
- SMEs – Learn from large groups and structure themselves for long-term sustainability.
- Entrepreneurs – Position themselves like conglomerates by leveraging financial, tax, and regulatory expertise.
Our team bridges the gap between corporate insights and practical growth strategies, ensuring clients remain competitive in Pakistan’s evolving market.
Conclusion:
The Top 20 Groups on Pakistan Stock Exchange (2025) highlight the power of diversification, governance, and strategic vision. From Fauji Group’s dominance to Nishat and Lucky’s entrepreneurial spirit, these groups shape Pakistan’s economy and investor confidence.
For businesses and investors, the PSX rankings are more than just numbers—they are roadmaps of opportunity. With the right strategies, supported by Burraq Consulting, any business can scale towards long-term growth and resilience.