External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Thematic (Sector/Industry)

Pakistan Automobiles / Thematic (Sector/Industry)

<ul><li>Pakistan car sales (as reported by PAMA) clocked in at 6.2K units down 26% MoM and 54% YoY. Including Non-PAMA members car sales clocked in at ~7K down 26% MoM and 53% YoY.</li><li>MoM decline in car sales is due to disruptions in supply chain followed by lower demand. However, escalating car prices, expensive auto financing, and the low purchasing power of consumers contribute for the decline in YoY sales.</li><li>In 4MFY24 PAMA car sales recorded at 27,163 units down 44% YoY compared to 48,573 units in 4MFY23.</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 car sales (as reported by PAMA) clocked in at 6.2K units down 26% MoM and 54% YoY. Including Non-PAMA members car sales clocked in at ~7K down 26% MoM and 53% YoY.MoM decline in car sales is due to disruptions in supply chain followed by lower demand. However, escalating car prices, expensive auto financing, and the low purchasing power of consumers contribute for the decline in YoY sales.In 4MFY24 PAMA car sales recorded at 27,163 units down 44% YoY compared to 48,573 units in 4MFY23.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 Automobiles - Car Sales at ~7k units in Oct-2023 (including Non-PAMA), down 26% MoM