KARACHI: The profits of the companies listed on the Pakistan Stock Exchange (PSX) fell one per cent to Rs1.62 trillion in 2024 from Rs1.64tr in 2023, according to a research report by Topline Securities Ltd.

In US dollar terms, the profitability stood at $5.8bn, down 1pc year-on-year in 2024. However, excluding the exploration and production (E&P) sector, the profitability of KSE 100 companies improved by 8pc year-on-year to Rs1.25tr in 2024.

The report, authored by Tanweer Ahmed, said the profitability of the E&P sector declined by 24pc year-on-year to Rs364bn in 2024 due to a decline in oil prices and a reduction in oil and gas production.

The banking sector’s earnings increased by 6pc year-on-year to Rs593bn (37pc of the total KSE-100 index........

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