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PSX REPORT REVEALS COMPANIES MADE PROFIT OF RS822 IN FY22

KSE

PSX REPORT REVEALS COMPANIES MADE PROFIT OF RS822 IN FY22

KARACHI: The Pakistan Stock Exchange (PSX) presented its performance report for the first nine months of fiscal year 2021-22 on Friday, according to ARY News.

According to the study, the PSX companies achieved a record profit of Rs822 billion in the first nine months of this fiscal year. In comparison to the previous fiscal year, the earned profit has increased by 23%.

According to the report, the corporations made a profit of Rs320 billion in the first three months of the fiscal year (January-March).

 

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When compared to the same quarter of the previous equivalent year, the profit is up 33.7 percent.

Meanwhile, the foreign exchange reserves of the State Bank of Pakistan (SBP) declined by $328 million to $10.558 billion in the week ending April 23, according to figures provided by the central bank on Thursday.

As of April 23, the country’s total foreign reserves, including net reserves held by commercial banks, was $16.668 billion.