Pakistan Stock Exchange Reports Rs. 1.03 Billion Profit, Up 368% in 2024 – Startup Pakistan

The Pakistan Stock Exchange (PSX) has reported a remarkable profit of Rs1.03 billion for the fiscal year 2024. This represents a tremendous increase of 368% compared to the previous year, when the PSX earned Rs219 million.For the fiscal year 2024, the earnings per share (EPS) climbed to Rs1.28, up from Re0.27 in the previous year.

Additionally, the PSX declared a cash dividend of Re1 per share.The PSX’s revenue from various sources, including listing fees, exchange operations, interest, and rental income, rose to Rs2.12 billion. This is a 45% increase from the Rs1.46 billion reported the previous year.

However, administrative expenses also increased, reaching Rs2 billion, which is a 27% rise from Rs1.57 billion.The operating profit for the PSX improved significantly to Rs112.6 million, reversing a loss of Rs110 million from the prior year. Moreover, other income and the share of profit from associates surged to Rs996.9 million, marking a 177% increase from Rs359.6 million.

Profit before tax also saw a substantial rise, reaching Rs1.1 billion, up 345% from Rs249.5 million.The PSX, which was established under the Companies Act of 1913 and re-registered as a public company in 2012, continues to be a vital component of the financial markets in Pakistan.