Pakistani Energy Defensive Blue Chips

Texas Instruments

Market Cap: US$167.0b

Designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States, China, rest of Asia, Europe, Middle East, Africa, Japan, and internationally.

Deutsche Telekom

Market Cap: €139.3b

Provides integrated telecommunication services worldwide.

Applied Materials

Market Cap: US$163.1b

Engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries.

Allianz

Market Cap: €138.3b

Provides property-casualty insurance, life/health insurance, and asset management products and services Internationally.

Intuitive Surgical

Market Cap: US$160.3b

Develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally.

Banco Santander

Market Cap: €130.7b

Provides various financial products and services to individuals, small and medium-sized enterprises, large corporations, and public entities worldwide.

EssilorLuxottica Société anonyme

Market Cap: €127.7b

Designs, manufactures, and distributes ophthalmic lenses, frames, and sunglasses in North America, the Middle East, Africa, Europe, Latin America, and the Asia-Pacific.

Arm Holdings

Market Cap: US$149.8b

Arm Holdings plc architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers.

Progressive

Market Cap: US$144.8b

Operates as an insurance company in the United States.

China Merchants Bank

Market Cap: CN¥1.0t

Provides various banking products and services.

Boston Scientific

Market Cap: US$144.7b

Develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide.

Delta

Market Cap: US$18.5b

Manufactures and distributes cold beverages in Zimbabwe.

KLA

Market Cap: US$142.0b

Designs, manufactures, and markets process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide.

Stryker

Market Cap: US$141.3b

Operates as a medical technology company.

China Life Insurance

Market Cap: HK$1.1t

Operates as a life insurance company in the People’s Republic of China.

Toronto-Dominion Bank

Market Cap: CA$190.8b

Provides various financial products and services in Canada, the United States, and internationally.

Ping An Insurance (Group) Company of China

Market Cap: CN¥949.0b

Ping An Insurance (Group) Company of China, Ltd.

Bharti Airtel

Market Cap: ₹11.2t

Operates as a telecommunications company in India and internationally.

Iberdrola

Market Cap: €105.0b

Engages in the generation, production, transmission, distribution, and supply of electricity in Spain, the United Kingdom, the United States, Mexico, Brazil, Germany, France, and Australia.

Medtronic

Market Cap: US$122.2b

Develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and patients in the United States, Ireland, and internationally.

Analog Devices

Market Cap: US$120.9b

Engages in the design, manufacture, testing, and marketing of integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia.

UniCredit

Market Cap: €101.1b

Provides commercial banking services in Italy, Germany, Central Europe, and Eastern Europe.

Intesa Sanpaolo

Market Cap: €100.4b

Provides various financial products and services primarily in Italy.

Anheuser-Busch InBev

Market Cap: €99.0b

Produces, distributes, exports, markets, and sells beer in North America, Middle Americas, South America, Europe, the Middle East, Africa, and the Asia Pacific.

British American Tobacco

Market Cap: UK£85.2b

Provides tobacco and nicotine products to consumers in the Americas, Europe, the Asia-Pacific, the Middle East, Africa, and the United States.

Al Rajhi Banking and Investment

Market Cap: ر.س426.0b

Provides banking and investment services in the Kingdom of Saudi Arabia and internationally.

DBS Group Holdings

Market Cap: S$146.4b

Provides commercial banking and financial services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally.

Chubb

Market Cap: US$112.5b

Provides insurance and reinsurance products worldwide.

Altria Group

Market Cap: US$111.0b

Through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States.

Banco Bilbao Vizcaya Argentaria

Market Cap: €94.3b

Provides retail banking, wholesale banking, and asset management services primarily in Spain, Mexico, Turkey, South America, rest of Europe, the United States, and Asia.

ICICI Bank

Market Cap: ₹9.8t

Engages in the provision of various banking and financial services to retail and corporate customers in India and internationally.

Sumitomo Mitsui Financial Group

Market Cap: JP¥15.6t

Provides banking, leasing, securities, consumer finance, and other services in Japan, the Americas, Europe, the Middle East, Asia, and Oceania.

Abu Dhabi National Energy Company PJSC

Market Cap: د.إ377.8b

Operates as an integrated utility company in the United Arab Emirates, North America, Europe, Africa, and internationally.

Constellation Energy

Market Cap: US$102.8b

Produces and sells energy products and services in the United States.

BNP Paribas

Market Cap: €87.6b

Provides various banking and financial products and services in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Zurich Insurance Group

Market Cap: CHF 81.1b

Provides insurance products and related services in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific.