Pakistani Software Defensive Blue Chips

Orkla

Market Cap: NOK 116.4b

Operates as an industrial investment company within brands and consumer-oriented businesses worldwide.

Indus Towers

Market Cap: ₹1.1t

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India, Nigeria, Uganda, and Zambia.

T&D Holdings

Market Cap: JP¥1.9t

Through its subsidiaries, provides insurance products and services in Japan.

Fidelity National Financial

Market Cap: US$12.0b

Provides various insurance products in the United States.

Absa Group

Market Cap: R202.3b

Provides retail, business, corporate, investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

Suzhou Maxwell Technologies

Market Cap: CN¥81.9b

Engages in the design, research and development, production, and sale of solar cell production equipment in China.

Mashreqbank PSC

Market Cap: د.إ43.3b

Provides various banking and financial services to individuals and corporates.

Great Eastern Holdings

Market Cap: S$15.1b

An investment holding company, provides insurance products in Singapore, Malaysia, and rest of Asia.

SCREEN Holdings

Market Cap: JP¥1.9t

Develops, manufactures, and markets semiconductor production equipment in Japan, Taiwan, South Korea, China, the United States, Europe, and internationally.

HKT Trust and HKT

Market Cap: HK$91.7b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.

Ensign Group

Market Cap: US$11.7b

Provides skilled nursing, senior living, and rehabilitative services.

Mowi

Market Cap: NOK 113.4b

A seafood company, produces and sells Atlantic salmon products worldwide.

China Zheshang Bank

Market Cap: HK$91.3b

Provides various commercial banking products and services in Mainland China.

Hong Leong Bank Berhad

Market Cap: RM 46.3b

Operates as a financial services company in Malaysia and internationally.

Globus Medical

Market Cap: US$11.7b

Develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

BAWAG Group

Market Cap: €10.1b

Operates as a holding company for BAWAG P.S.K.

Apollo Hospitals Enterprise

Market Cap: ₹1.1t

Provides healthcare services in India.

James Hardie Industries

Market Cap: AU$16.5b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded boards in the United States, Australia, Europe, and New Zealand.

Taiwan Cooperative Financial Holding

Market Cap: NT$366.1b

Provides banking, insurance, securities, bills finance, investment trust, asset management, and capital management services in Taiwan.

Hangzhou Changchuan TechnologyLtd

Market Cap: CN¥78.8b

Researches and develops, produces, and sells integrated circuit equipment and high-frequency communication materials in China and internationally.

Universal Health Services

Market Cap: US$11.4b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities in the United States.

SK Telecom

Market Cap: ₩17.0t

Engages in the provision of wireless telecommunication services in South Korea.

Almarai

Market Cap: ر.س42.6b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

Manila Electric

Market Cap: ₱680.2b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

Technoprobe

Market Cap: €9.8b

Produces and sells electronic circuits in Italy, Asia, the United States, and rest of Europe.

Sanlam

Market Cap: R191.1b

Provides various financial services in South Africa, Pan-Africa, Asia, and internationally.

Ooredoo Q.P.S.C

Market Cap: ر.ق41.0b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

OPC Energy

Market Cap: ₪35.1b

Engages in the development, construction, operation, generation, and supply of electricity in Israel.

Arab National Bank

Market Cap: ر.س42.2b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

Phison Electronics

Market Cap: NT$359.0b

Designs, manufactures, and sells flash memory controllers and peripheral system applications in Asia, the United States, Europe, Australia, and internationally.

Jinko Solar

Market Cap: CN¥77.4b

Engages in the research, development, manufacturing, and sale of photovoltaic products and clean energy solutions in China, Europe, America, the Asia Pacific, and internationally.

Guangxi Guiguan Electric PowerCo.Ltd

Market Cap: CN¥77.2b

Engages in the generation and sale of electricity in China.

Hippo Valley Estates

Market Cap: US$1.4b

Together with its subsidiary, Chiredzi Township (Private) Limited, engages in the growing and milling of sugar cane in Zimbabwe and internationally.

Chongqing Rural Commercial Bank

Market Cap: HK$87.2b

Provides banking services in the People’s Republic of China.

MPI

Market Cap: NT$356.0b

Manufactures, processes, maintains, imports/exports, and trades in semi-conductor production process and testing equipment in Taiwan, China, Singapore, Korea, the United States, and internationally.

Japan Post Insurance

Market Cap: JP¥1.8t

Provides life insurance products and services in Japan.