External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Cross Asset Strategy

<ul><li>KSE 100 index companies posted highest ever earnings of Rs1.7trn up 25% YoY in FY24 vs Rs1.3trn in FY23. In US$ terms, PAT increased 10% YoY to US$5.8bn in FY24.</li><li>This growth in earnings is majorly contributed to by Banking sector (+35% YoY), Fertilizer sector (+75% YoY), and Cements (+38%) in FY24.</li><li>Banking sector's earnings increased by 35% YoY to Rs591bn (36% of the total KSE-100 index profitability) in FY24, primarily driven by higher Net Interest Income (NII) amid higher interest rates.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

KSE 100 index companies posted highest ever earnings of Rs1.7trn up 25% YoY in FY24 vs Rs1.3trn in FY23. In US$ terms, PAT increased 10% YoY to US$5.8bn in FY24.This growth in earnings is majorly contributed to by Banking sector (+35% YoY), Fertilizer sector (+75% YoY), and Cements (+38%) in FY24.Banking sector's earnings increased by 35% YoY to Rs591bn (36% of the total KSE-100 index profitability) in FY24, primarily driven by higher Net Interest Income (NII) amid higher interest rates.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pakistan Strategy: Record Corporate Profitability in FY24; Earnings up 25% YoY