Karachi: JS Global Capital Limited reported unaltered financial results for its banking sector exchange traded fund for the nine-month period ending September 30, 2024. According to information available from the Pakistan Stock Exchange (PSX), the fund's performance has remained consistent, showing no new corporate actions such as cash dividends, bonus shares, right shares, or other entitlements, all marked as nil.

In a detailed statement, the management of JS Global Capital Limited, which held its board meeting on October 22, 2024, disclosed that the fund did not declare any dividends or capital distributions for the period. The decision was made in the context of the fund's earnings and strategic objectives. The statement emphasized stability in the fund's financial outcomes, focusing on long-term growth rather than short-term distributions.

For the nine months concluded in September, the fund registered a net profit of 45.68 million rupees after taxation, slightly lower than the previous year's same period net profit of 12.87 million rupees. The fund experienced significant income from dividends and bank deposits totaling 1.25 million rupees, along with gains from sale of investments noted at 10.63 million rupees. However, these gains were offset by expenses totaling 39.37 million rupees, which included remuneration to the management company and other operational costs.

The expenses detailed included fees paid to the management company amounting to 676,043 rupees, taxes and charges related to securities transactions, and other administrative expenses. This detailed financial scrutiny reveals a disciplined approach to cost management and investment strategy by the fund's management.

This quarterly financial disclosure, adhering strictly to regulatory requirements, provides investors with a transparent view of the fund's financial health and operational strategy. The full quarterly report, as stated by JS Global Capital, will be made available to stakeholders through PUCARS in due time.