KSE performed well despite economic slowdown

Business

KSE performed well despite economic slowdown

Close

Karachi stock market companies profits increased.

03 May,2011 10:33 pm

Despite unfavorable economic conditions, Karachi stock market companies’ profits increased in the first three months of the year. According to Topline Research report 25 big companies’ profit was increased by 16 percent. These companies have 77 percent share of the market. Chemical, fertilizer, refinery and banking sectors remained prominent. The cement sector didn’t perform well owing slowed construction and falling export. Japan’s tsunami also negatively affected the auto sector.