Our Correspondent
Karachi
In a year full of events and developments, some positive and some challenging, Pakistan Stock Exchange has announced the recipients of the Top 25 Companies Awards for the year 2019. As per tradition, the criteria for selecting such companies was also updated and upgraded in 2019 in line with the evolving business environment and requirements. For the said year, the pre-requisites included a minimum distribution of 30% (including atleast 15% cash dividend), shares traded 50% of the total trading days during the year, and that the company is not in the Defaulters’ Segment of the Exchange or trading in its shares have not been suspended on account of violation of Listing Companies & Securities Regulations of the Exchange during the said year.
The Top 25 Companies Award is a tradition at Pakistan Stock Exchange which goes back to 1978. Historically, the best performing listed companies in Pakistan are awarded this distinction. Broadly speaking, companies which have outperformed others in the spheres of corporate governance, financial performance, and have added to shareholder value based on specific quantitative criteria, amongst other factors, make it to the Top 25 Companies List.
