Karachi: Directors of First National Equities Limited, a trading-only brokerage firm, have released their quarterly report for the period ending September 30, 2026. The report outlines the financial and operational performance of the company during a period marked by significant market fluctuations.
The Pakistan Stock Exchange (PSX) experienced a volatile quarter, with the KSE-100 Index closing at 169,969 points, representing a very large or significant move of 5.73% decline. According to information available from the Pakistan Stock Exchange (PSX), this downturn was driven by profit-taking, geopolitical uncertainties, rising inflationary pressures, and fluctuations in global commodity prices. Inflation reached 10.3% in September 2026, while the State Bank of Pakistan maintained its policy rate at 11.5%.
Despite these challenges, the Board of First National Equities Limited remains cautiously optimistic about the market outlook, anticipating economic stability, policy continuity, and improved investor confidence. They emphasize the importance of sustained reforms and favorable economic developments in supporting capital market activity and long-term growth.
The financial results for First National Equities Limited reveal a significant decrease in performance when compared to the same period last year. Revenue for the three months ended September 30, 2026, was reported at 4,923,436, a considerable increase from the 366,483 reported in the previous year. However, operating profit saw a reduction to 7,771,028 from 18,671,700. The company reported a loss after taxation of 2,642,582, contrasting with a profit of 12,875,830 in the previous year. Basic earnings per share also fell, showing a loss of 0.001 compared to earnings of 0.048 in the prior period.
Looking ahead, First National Equities Limited is focusing on enhancing its brokerage operations and expanding client service capabilities. The company aims to strengthen its position by improving technology, processes, and capital deployment. It is also evaluating new business initiatives to broaden revenue streams and reinforce market presence, with plans for technology upgrades, office infrastructure improvements, and increased investor outreach.
The Board and management express confidence that with prudent execution and a focus on core competencies, the company will improve its operating performance and create sustainable long-term value for its stakeholders.