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Pakistan Stock Exchange Sees 368% Surge in 2024 Profits, Reaching Rs. 1.03 Billion

Pakistan Stock Exchange Sees 368% Surge in 2024 Profits, Reaching Rs. 1.03 Billion

The Pakistan Stock Exchange (PSX) reported a notable profit of Rs. 1.03 billion for fiscal year 2024, reflecting an impressive 368% growth compared to Rs. 219 million from the previous year. Earnings per share (EPS) surged to Rs. 1.28, up from Re. 0.27 in the prior year.

Additionally, the PSX announced a cash dividend of Re. 1 per share. Revenue from listing fees, exchange operations, interest, and rental income rose to Rs. 2.12 billion, a 45% increase from Rs. 1.46 billion the year before.

Read more: PSX Breaks Records, Reaches All-Time High Of 81,295 Points

Despite the rise in administrative expenses, which increased by 27% to Rs. 2 billion, the PSX saw a significant recovery, posting an operating profit of Rs. 112.6 million, reversing the previous year’s loss of Rs. 110 million. Other income, including profits from associates, jumped by 177% to Rs. 996.9 million from Rs. 359.6 million.

Profit before tax saw a notable rise of 345%, reaching Rs. 1.1 billion compared to Rs. 249.5 million in the prior year. Established under the Companies Act of 1913 and re-registered as a public company in 2012, the PSX remains a key pillar of Pakistan’s financial markets.

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