External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Thematic (Sector/Industry)

Pakistan Construction materials / Thematic (Sector/Industry)

<ul><li>Pakistan local cement dispatches are likely to be down by 36% MoM to clock in at 2.13mn tons in Apr-2024. Dispatches are also anticipated to decline by 16% YoY.</li><li>MoM decrease in local cement dispatches is primarily due to lower working days in Apr-2024 in light of Eid holidays. Sales in March 2024 were also higher due to post winter seasonal demand. To recall, sales in Mar-2024 stood at 3.34mn tons compared to 8MFY24 monthly average of 3.26mn tons.</li><li>Considering above sales figures, the average daily domestic sales for the sector is expected to clock in at 71.0k tons/day in Apr-24 which is lower than Apr-23 average of 84.3k tons/day.</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>

Pakistan local cement dispatches are likely to be down by 36% MoM to clock in at 2.13mn tons in Apr-2024. Dispatches are also anticipated to decline by 16% YoY.MoM decrease in local cement dispatches is primarily due to lower working days in Apr-2024 in light of Eid holidays. Sales in March 2024 were also higher due to post winter seasonal demand. To recall, sales in Mar-2024 stood at 3.34mn tons compared to 8MFY24 monthly average of 3.26mn tons.Considering above sales figures, the average daily domestic sales for the sector is expected to clock in at 71.0k tons/day in Apr-24 which is lower than Apr-23 average of 84.3k tons/day.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.

Local Cement Dispatches Likely to Be Down 36% MoM in Apr-2024