With a free-float market value of Rs. 83.06 billion ($371.1 million), Systems Limited is now the largest business on the Pakistan Stock Exchange (PSX).
This is the first time the designation has been acquired by the large IT corporation. Its weight in the KSE-100 index is likewise substantial, over 5%.
Systems Limited went public in 2015 with a market capitalization of Rs. 4 billion and now has a market capitalization of Rs.
In the past few years, the company has experienced tremendous growth in terms of profitability and commercial expansion in both domestic and international markets.
In the first three quarters of 2022, the company posted a profit of over 1 billion rupees, and the current fiscal year is expected to produce a record-breaking profit. It is closely followed by Engro Corporation with a free-float market capitalisation of 83.04 billion rupees and a market capitalization of 150.9 billion rupees.
With values of Rs. 71.84 billion and a market capitalization of Rs. 130 billion, Fauji Fertilizer Limited ranked third in the PSX free-float market capitalization race.
With values of Rs. 64.8 billion and a market capitalization of Rs. 86 billion, HUBCO ranked fourth in the free-float market capitalization race on the PSX.
With values of Rs. 56 billion and a market capitalization of Rs. 80 billion, TRG Pakistan ranked sixth in the free-float market capitalization race on the PSX.