Karachi, October 23, 2023 – The Pakistan Stock Exchange (PSX) has announced a substantial increase in profit, reporting a remarkable 172 percent surge in profit for the first quarter of the fiscal year 2023-24.
During the period from July to September of the current fiscal year, the PSX achieved an after-tax profit of Rs 147 million, compared to Rs 54 million in the same quarter of the previous fiscal year. This significant increase in profit has resulted in basic and diluted earnings per share (EPS) of Rs 0.18 for the first quarter of 2023-24, compared to Rs 0.07 in the corresponding quarter of the previous fiscal year.
The total revenue generated by the PSX also saw a rise, reaching Rs 429 million for the quarter ending on September 30, 2023, compared to Rs 357 million in the same quarter of the previous fiscal year.
A major contributor to the PSX’s revenue was income from exchange operations, which increased to Rs 160.40 million for the first quarter of the current fiscal year, compared to Rs 126.40 million in the same quarter of the previous fiscal year. Additionally, revenue from mark-up/interest income grew to Rs 67 million for the quarter under review, compared to Rs 35 million in the same period of the previous fiscal year.
Meanwhile, the listing fee collected by the PSX rose to Rs 185 million, up from Rs 180 million in the corresponding period of the previous fiscal year.
However, administrative expenses of the PSX also increased to Rs 460 million during the first quarter of fiscal year 2023-24, compared to Rs 380 million in the corresponding period of the previous fiscal year.
The significant profit surge experienced by the Pakistan Stock Exchange reflects improved performance and financial growth in the stock market during the first quarter of the current fiscal year, with various revenue streams contributing to this positive outcome.
