Pakistan Stock Exchange (PSX) · Pakistan · Updated after 27 Oct 2026 close

United Bank Ltd

UBL · Pakistan Stock Exchange (PSX) · prices in PKR

PKR 410.80▲ +2.95 (0.72%)

Research report

About United Bank Ltd

United Bank Limited is a commercial bank based in Karachi, Pakistan. It offers retail and corporate banking, including deposit accounts, consumer and business lending, trade finance, remittances and Islamic banking services. Its customers include individuals, small and medium businesses, large companies and public institutions. The bank serves clients through branches across Pakistan and through operations in other countries, and it provides digital and card-based banking alongside its branch network.

The shares are listed on the Pakistan Stock Exchange (PSX) under the code UBL, and the price on this page is in Pakistani rupees (PKR). Our dividend records, which start in 2019, show payments in 8 different calendar years. The Market X-Ray on this page is price-based and compares it with other stocks on the same exchange; it does not measure how healthy the business is.

Market X-Ray · price-based

Fair price profile

Ranks #103 of 542 on the Pakistan Stock Exchange (PSX) · confidence High

What this score is, and is not

It describes how this stock has traded: trend, momentum, risk, liquidity and dividends, each ranked against the other stocks on its own exchange. It does not measure how healthy or cheap the business is. That fundamental X-Ray needs financial statements, which we do not have for Pakistan yet.

TrendFair

62/100

Mixed trend against its averages.

See the numbers →

Above 200-day average-4.6%

From 52-week high-18.4%

MomentumFair

55/100

Typical recent returns for this exchange.

See the numbers →

3-month return-14.0%

6-month return0.2%

12-month, skipping last month14.5%

Stability (higher is calmer)Fair

61/100

Typical risk for this exchange.

See the numbers →

Volatility, 1 year (lower is calmer)40.8%

Worst drawdown, 1 year (smaller is calmer)-39.2%

LiquidityStrong

96/100

Trades actively.

See the numbers →

Avg daily value traded466.85M PKR

Zero-volume days0.0%

IncomeStrong

75/100

Dividend is high and has been paid regularly.

See the numbers →

Dividend yield5.8%

Years with dividends6

Price-based X-Ray. The fundamental X-Ray (financial health, valuation, growth, fair value) is available for US stocks today. It will follow for Pakistan when fundamentals data for this market is added. All Pakistan stocks.

Price trend

Below its 200-day average

Versus its 50- and 200-day averages

52-week range

293.25 – 517.00

Price is 53% of the way up

Returns

−14.0% 3m · +10.0% 1y

Price returns, dividends not included

RSI (14)

Neutral zone

Fair value estimate · limited data

PKR 402.50range of models 398.48 – 407.23

Fair −2.0% to fair value

Average of the 3 valuation models that pass our checks. Undervalued or Overvalued means the gap to fair value is more than 17.5%. Model uncertainty is High.

PSX income statement only (no balance sheet or cash flow): only earnings and sales models can be built. Their weights were fitted to a professional consensus-style valuation of Pakistani stocks and checked on stocks that were not used for the fit, but they use no analyst forecasts. Treat this as a rough estimate.

P/E multiple

PKR 398.48

P/S multiple

PKR 401.78

P/E on average earnings

PKR 407.23

Each model multiplies the company's trailing-twelve-month earnings (or sales) by a multiple that blends its own current multiple, its own history and its sector median. Earnings per share by fiscal year, newest first: 51.33, 32.89, 43.44, 26.19. Source: statements and price from the Pakistan Stock Exchange portal and end-of-day data. A model estimate, not a price target or advice. How it works.

Factor ratings for UBL

Each factor is rated by where UBL stands among the 19 stocks of its PSX sector (Commercial Banks; all PSX stocks when the sector is too small for a fair comparison).

Rating against the group

Goodthe top third of these stocks

Averagethe middle third of these stocks

Badthe bottom third of these stocks

"Beats" is the share of those stocks it is ahead of.

For valuation factors Good means cheaper than most of the group, which is not the same as a bargain.

In total: 3 Good · 4 Average · 1 Bad of 8 Growth: 1 · 1 · 0 Valuation: 0 · 1 · 0 Price risk and momentum: 1 · 1 · 1 Liquidity: 1 · 1 · 0

Factor	UBL	Rating	Group median
Growth
Profit growth, last financial year	+59.0%	Good beats 86%	−5.8%
EPS growth, 3 years a year	+25.1%	Average beats 66%	+22.6%
Valuation
P/E ratio (last 12 months)	6.9x	Average beats 39%	6.2x
Price risk and momentum
Volatility, 1 year	40.8%	Average beats 34%	35.7%
Worst drawdown, 1 year	−39.2%	Bad beats 29%	−34.8%
12-month return, skipping the last month	+14.5%	Good beats 76%	−3.4%
Liquidity
Average daily value traded	PKR 466.8M	Good beats 87%	PKR 44.7M
Days with no trading	0.0%	Average beats 50%	0.0%

Built from the income-statement summary the Pakistan Stock Exchange publishes (sales, profit and EPS for up to four financial years, trailing P/E, market value) and our own end-of-day prices. The PSX portal has no balance sheet or cash flow, so there are no debt, cash-flow or book-value factors. A factor is left out when its data is missing or meaningless (for example a P/E on a loss). These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the Market X-Ray.

Price chart

Interactive chart

52-wk range 293.25 – 517.00 Daily closes, split-adjusted

Signals

50-day average426.76

200-day average430.72

Golden/death cross (60d)Death, 3 days ago

New 52-week highNo

Bullish RSI divergenceNo

Average daily range (ATR)10.26

Technical summary

Daily

Bearish

2 bullish · 4 neutral · 10 bearish

Weekly

Strongly bearish

2 bullish · 1 neutral · 9 bearish

Monthly

Neutral

4 bullish · 1 neutral · 3 bearish

Moving averages (daily)

SMA 10	408.4	Bullish
EMA 10	408.9	Bullish
SMA 20	413.0	Bearish
EMA 20	413.0	Bearish
SMA 50	426.8	Bearish
EMA 50	424.1	Bearish
SMA 100	441.3	Bearish
EMA 100	428.7	Bearish
SMA 200	430.7	Bearish
EMA 200	424.1	Bearish

Oscillators (daily)

RSI (14)	44.96	Neutral
MACD (12, 26)	-6.01	Bearish
Momentum (12)	-1.47	Bearish
Stochastic %K (14)	64.95	Neutral
Williams %R (14)	-35.05	Neutral
CCI (20)	-8.77	Neutral

Pivot points (classic, last session)

391.4

399.0

404.9

Pivot

412.4

418.4

425.9

431.8

Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.

Dividends

Paid, last 12 months

24.00 PKR

Yield on today's price

5.84%

Frequency

Quarterly

Next ex-dividend date

Not announced

Tap a dividend date to compare the dividend yield on that day with today's.

Ex-dividend date	Amount per share
	8.0000
This payment: 8.0000 PKR per share, ex-dividend 31 Jul 2026. On 31 Jul 2026 6.88% Share price that day 465.21 PKR. Dividends in the 12 months up to that day: 32.00 PKR (8.00 + 8.00 + 8.00 + 8.00). Today, latest close 27 Oct 2026 5.84% Share price 410.80 PKR. Dividends in the last 12 months: 24.00 PKR (8.00 + 8.00 + 8.00). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	8.0000
This payment: 8.0000 PKR per share, ex-dividend 23 Apr 2026. On 23 Apr 2026 7.80% Share price that day 410.46 PKR. Dividends in the 12 months up to that day: 32.00 PKR (8.00 + 8.00 + 8.00 + 8.00). Today, latest close 27 Oct 2026 5.84% Share price 410.80 PKR. Dividends in the last 12 months: 24.00 PKR (8.00 + 8.00 + 8.00). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	8.0000
This payment: 8.0000 PKR per share, ex-dividend 19 Mar 2026. On 19 Mar 2026 9.49% Share price that day 368.72 PKR. Dividends in the 12 months up to that day: 35.00 PKR (8.00 + 8.00 + 8.00 + 11.00). Today, latest close 27 Oct 2026 5.84% Share price 410.80 PKR. Dividends in the last 12 months: 24.00 PKR (8.00 + 8.00 + 8.00). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	8.0000
This payment: 8.0000 PKR per share, ex-dividend 23 Oct 2025. On 23 Oct 2025 12.80% Share price that day 382.93 PKR. Dividends in the 12 months up to that day: 49.00 PKR (8.00 + 8.00 + 11.00 + 11.00 + 11.00). Today, latest close 27 Oct 2026 5.84% Share price 410.80 PKR. Dividends in the last 12 months: 24.00 PKR (8.00 + 8.00 + 8.00). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	8.0000
This payment: 8.0000 PKR per share, ex-dividend 18 Jul 2025. On 18 Jul 2025 13.92% Share price that day 373.48 PKR. Dividends in the 12 months up to that day: 52.00 PKR (8.00 + 11.00 + 11.00 + 11.00 + 11.00). Today, latest close 27 Oct 2026 5.84% Share price 410.80 PKR. Dividends in the last 12 months: 24.00 PKR (8.00 + 8.00 + 8.00). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	11.0000
This payment: 11.0000 PKR per share, ex-dividend 28 Apr 2025. On 28 Apr 2025 9.16% Share price that day 480.28 PKR. Dividends in the 12 months up to that day: 44.00 PKR (11.00 + 11.00 + 11.00 + 11.00). Today, latest close 27 Oct 2026 5.84% Share price 410.80 PKR. Dividends in the last 12 months: 24.00 PKR (8.00 + 8.00 + 8.00). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	11.0000
This payment: 11.0000 PKR per share, ex-dividend 11 Mar 2025. On 11 Mar 2025 11.36% Share price that day 387.27 PKR. Dividends in the 12 months up to that day: 44.00 PKR (11.00 + 11.00 + 11.00 + 11.00). Today, latest close 27 Oct 2026 5.84% Share price 410.80 PKR. Dividends in the last 12 months: 24.00 PKR (8.00 + 8.00 + 8.00). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	11.0000
This payment: 11.0000 PKR per share, ex-dividend 1 Nov 2024. On 1 Nov 2024 13.73% Share price that day 320.58 PKR. Dividends in the 12 months up to that day: 44.00 PKR (11.00 + 11.00 + 11.00 + 11.00). Today, latest close 27 Oct 2026 5.84% Share price 410.80 PKR. Dividends in the last 12 months: 24.00 PKR (8.00 + 8.00 + 8.00). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	11.0000
This payment: 11.0000 PKR per share, ex-dividend 8 Aug 2024. On 8 Aug 2024 18.06% Share price that day 243.67 PKR. Dividends in the 12 months up to that day: 44.00 PKR (11.00 + 11.00 + 11.00 + 11.00). Today, latest close 27 Oct 2026 5.84% Share price 410.80 PKR. Dividends in the last 12 months: 24.00 PKR (8.00 + 8.00 + 8.00). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	11.0000
This payment: 11.0000 PKR per share, ex-dividend 25 Apr 2024. Today, latest close 27 Oct 2026 5.84% Share price 410.80 PKR. Dividends in the last 12 months: 24.00 PKR (8.00 + 8.00 + 8.00). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	11.0000
This payment: 11.0000 PKR per share, ex-dividend 7 Mar 2024. Today, latest close 27 Oct 2026 5.84% Share price 410.80 PKR. Dividends in the last 12 months: 24.00 PKR (8.00 + 8.00 + 8.00). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	11.0000
This payment: 11.0000 PKR per share, ex-dividend 3 Nov 2023. Today, latest close 27 Oct 2026 5.84% Share price 410.80 PKR. Dividends in the last 12 months: 24.00 PKR (8.00 + 8.00 + 8.00). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.

Ex-dividend dates and amounts from our market-data provider. Shown as declared, before tax. For Pakistani companies a future date appears only once our data provider lists it as declared; the exchange's own list of book closures is on dps.psx.com.pk/payouts.

Prices are end-of-day closes in PKR. Educational only, not financial advice.