86 companies listed on the national stock market have achieved a record net profit of Rs1.7 trillion
Pakistan’s leading 86 companies listed on the national stock market have achieved a record net profit of Rs1.7 trillion for the fiscal year ending June 30, 2024, marking a remarkable 25% increase despite challenging economic conditions such as high inflation and elevated interest rates.
This surge in profitability, especially in large-scale sectors like cement, fertilizer, automobiles, and chemicals, indicates that these industries managed to maintain higher prices despite a decrease in volumetric output.
A report by Topline Research reveals that net profitability in USD increased by 10%, totaling $5.8 billion. The banking sector emerged as a major contributor with Rs591 billion in profits, while the PSX became the world’s best-performing market, with the KSE-100 Index soaring by 89%.
