Karachi: JS Global Capital Limited, one of Pakistan's leading brokerage and investment banking firms, has released its financial results for the third quarter ending September 30, 2024. The company reported substantial growth in both revenue and profits, highlighting its robust position in the domestic capital markets.

According to information available from the Pakistan Stock Exchange (PSX), JS Global Capital achieved a significant increase in operating revenue, recording 812 million PKR for the third quarter, up from 476 million PKR in the same period last year—an increase of approximately 70.59%. This growth was driven primarily by its equity brokerage operations along with gains in commodities, foreign exchange, and fixed income brokerage divisions.

The company's profit after tax also saw a dramatic rise, reaching 227.22 million PKR, compared to 88.43 million PKR reported in the corresponding quarter of the previous year. Earnings per share similarly rose from 3.22 PKR to 8.27 PKR. This financial improvement reflects JS Global Capital's successful strategy in optimizing revenue generation across its diverse service portfolio while effectively managing operational costs, which saw a 29.85% increase to 796 million PKR.

JS Global Capital continues to benefit from favorable economic conditions, including ongoing structural reforms and stability in key macroeconomic indicators in Pakistan. The IMF's approval of a 37-month Extended Fund Facility for Pakistan has also contributed to a supportive economic environment, facilitating growth in the financial sector.