A stockbroker walks near an electronic stock exchange board inside the trading hall at the Karachi. PHOTO: REUTERS
The bourse had registered a profit of Rs79.62 million in the same quarter last year, according to the profit or loss account of the company. Earnings per share (EPS) fell to Rs0.03 in the quarter under review compared to Rs0.1 in the same quarter last year.
PSX is a self-listed firm at the company’s trading platform. Its share price hit the upper limit of one rupee, or surged 6.55%, to close at Rs16.27 with trading in 728,500 shares at the PSX where the benchmark KSE-100 index recorded a surge of 1,556 points (or 4.13%) to 39,271 on Wednesday.
PSX’s revenue decreased 19% to Rs224.46 million compared to Rs276.4 million due to a lower listing fee and interest income and zero receipts on account of service charges in the Jul-Sept 2018 quarter.
The share of profit from associates also dropped 16% to Rs91.1 million compared to Rs108.2 million last year.
On the flip side, other income increased 10 times to Rs1.95 million compared to Rs198,000.
Published in The Express Tribune, October 25th, 2018.
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