The KSE-100 index saw a tremendous growth in profitability under the lead of commercial banks whose net earnings in-creased 54% to Rs68.9b in the Jul-Sept 2020 quarter. Capital Stake said finance cost of 399 companies dropped 28% in the quarter (Jul-Sept 2020) compared to the same quarter of last year. AHL’s analysis is based on the KSE-100 index companies. It has included financial results of 89 out of 100 companies listed in the index as the remaining 11 companies have not disclosed their results yet. “Whether there is a rate cut or rate hike, the impact on banks’ profit always comes with a lag,” he said.

Source: The Express Tribune November 04, 2020 03:22 UTC