External broker reports(aggregated public sources), Topline Securities

Topline Securities

External broker reports(aggregated public sources)

Topline Securities is one of the fastest growing brokerage houses in Pakistan. It has strong equity brokerage, economic / equity research, mutual fund distribution, commodity trading and corporate finance & advisory functions. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Macroeconomics

<ul><li>SBP’s next Monetary Policy Committee (MPC) meeting will be held on the 14th of Sep 2023.</li><li>In order to gauge the view on monetary policy outlook, Topline Research conducted a poll of key market participants on expectations over policy rate and key macro estimates.</li><li>According to the survey, 54% of participants expect interest rates to increase by 200bps, while 18% of participants expect an increase of up to 100bps in the policy rate. Additionally, 12% expect interest rates to increase by 150bps, and 10% expect a 300bps increase. Rest 7% expect no change while no one expect increase in policy rate by more than 300bps.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

SBP’s next Monetary Policy Committee (MPC) meeting will be held on the 14th of Sep 2023.In order to gauge the view on monetary policy outlook, Topline Research conducted a poll of key market participants on expectations over policy rate and key macro estimates.According to the survey, 54% of participants expect interest rates to increase by 200bps, while 18% of participants expect an increase of up to 100bps in the policy rate. Additionally, 12% expect interest rates to increase by 150bps, and 10% expect a 300bps increase. Rest 7% expect no change while no one expect increase in policy rate by more than 300bps.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pakistan Economy - Monetary Policy Survey; Majority expect 200bps increase in policy rate

<ul><li>Pakistan’s CPI Inflation in Aug 2023 came down to 27.4% YoY vs. 28.3% YoY in Jul 2023 and 29.4% YoY in Jun 2023. This came lower than market expectations of 28-29% mainly due to lower food inflation.</li><li>On MoM basis, CPI inflation was up 1.7% in Aug 2023 as compared to 3.5% in Jul 2023 and last 6 month average of 2.5%.</li><li>This takes 2MFY24 average inflation to 27.84% compared to 26.10% in 2MFY23.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pakistan’s CPI Inflation in Aug 2023 came down to 27.4% YoY vs. 28.3% YoY in Jul 2023 and 29.4% YoY in Jun 2023. This came lower than market expectations of 28-29% mainly due to lower food inflation.On MoM basis, CPI inflation was up 1.7% in Aug 2023 as compared to 3.5% in Jul 2023 and last 6 month average of 2.5%.This takes 2MFY24 average inflation to 27.84% compared to 26.10% in 2MFY23.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pakistan Economy - Inflation Down to 27% in Aug Vs 28% in Jul & 29% in Jun 2023

United States

Global X MSCI Pakistan ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Pakistan Select 25/50 Index.

Global X Msci Pakistan ETF (PAK US)

Pakistan Economy - Monetary Policy Survey; Majority expect 200bps increase in policy rate

SBP’s next Monetary Policy Committee (MPC) meeting will be held on the 14th of Sep 2023. In order to gauge the view on monetary policy outlook,...

Topline Securities

Pakistan Economy - Inflation Down to 27% in Aug Vs 28% in Jul & 29% in Jun 2023

Pakistan’s CPI Inflation in Aug 2023 came down to 27.4% YoY vs. 28.3% YoY in Jul 2023 and 29.4% YoY in Jun 2023. This came lower than market...

Topline Securities