PSX Posts Record High Profit of Rs320 Billion in Three Months

Top 100 companies listed at Pakistan Stock Exchange (PSX) have cumulatively posted a record high profit of Rs320 billion in the quarter ended March 31, 2022 on the back of sharp increase in commodity prices and a notable hike in the benchmark interest rate.

“Profitability of the KSE-100 index continues to soar, posting a jump of 34% year-on-year during the third quarter (Jan-Mar) of the current fiscal year 2022,” Arif Habib Limited (AHL) said in a commentary.

The growth in profits in terms of rupee was led by the sectors including oil and gas exploration firms (Rs81 billion), commercial banks (Rs79 billion), oil and gas marketing companies (Rs39 billion) and fertiliser (Rs27 billion).