External broker reports(aggregated public sources), Topline Securities

Topline Securities

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.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Bank Alfalah (BAFL) announced its 2Q2024 result today, where the bank recorded consolidated earnings of Rs11.97bn (EPS of Rs7.59), up 53% YoY and 20% QoQ.</li><li>The result came higher than industry expectations due to higher than expected gain on securities.</li><li>Alongside the result, the bank also announced second interim cash dividend of Rs2/share in 2Q2024, taking 1H2024 dividend to Rs4/share.</li></ul><p><em>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.</em></p>

Bank Alfalah (BAFL) announced its 2Q2024 result today, where the bank recorded consolidated earnings of Rs11.97bn (EPS of Rs7.59), up 53% YoY and 20% QoQ.The result came higher than industry expectations due to higher than expected gain on securities.Alongside the result, the bank also announced second interim cash dividend of Rs2/share in 2Q2024, taking 1H2024 dividend to Rs4/share.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.

Bank Alfalah (BAFL); 2Q2024 EPS at Rs7.6, up 53% YoY (Earnings higher than industry expectations)