Profits Of Listed Companies Jump 47%

The top 100 companies listed at the Pakistan Stock Exchange (PSX) posted a hefty increase of 47% in their net profit to an all-time high at Rs940 billion in the year ended December 31, 2021.

However, the benchmark KSE 100 index containing the best 100 firms failed to exhibit a similar performance and ended the year with a nominal growth of mere 2% (or 841 points) to 44,596 points.

The top three sectors that recorded significant growth in their annual profitability during the year under review were commercial banks, oil and gas exploration and production companies and fertiliser manufacturers.

They booked handsome profits in the wake of upward revision in the benchmark interest rate by Pakistan’s central bank and spike in the global energy and domestic fertiliser prices.