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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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Ahmer Nadeem

Ahmer is an experienced digital media journalist, equally skilled in covering parliament and breaking stories. With expertise spanning culture, politics, technology, and human interest, he brings depth and diversity to his reporting. His versatility extends to lifestyle and arts, making him a dynamic storyteller driven by accuracy, insight, and impact.
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Ahmer Nadeem

Senior Editor

Ahmer is an experienced digital media journalist, equally skilled in covering parliament and breaking stories. With expertise spanning culture, politics, technology, and human interest, he brings depth and diversity to his reporting. His versatility extends to lifestyle and arts, making him a dynamic storyteller driven by accuracy, insight, and impact.

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