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)

Thematic (Sector/Industry)

Pakistan Automobiles / Thematic (Sector/Industry)

<ul><li>Car sales in Pakistan totaled 8,589 units in July 2024, reflecting a 60% YoY increase and a 36% MoM decline in sales, as reported by PAMA.</li><li>In volumetric terms, the MoM decline in car sales can be primarily attributed to the increase in tax rates for vehicles (i.e. WHT) introduced in the FY25 budget. This led to pre-buying in June 2024 and as a result Jun 2024 number clocked in at 18 months high.</li><li>Hyundai Nishat Motor experienced the most significant MoM drop, with sales of 529 units-down 50% MoM and 7% YoY.</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>

Car sales in Pakistan totaled 8,589 units in July 2024, reflecting a 60% YoY increase and a 36% MoM decline in sales, as reported by PAMA.In volumetric terms, the MoM decline in car sales can be primarily attributed to the increase in tax rates for vehicles (i.e. WHT) introduced in the FY25 budget. This led to pre-buying in June 2024 and as a result Jun 2024 number clocked in at 18 months high.Hyundai Nishat Motor experienced the most significant MoM drop, with sales of 529 units-down 50% MoM and 7% YoY.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 fell 36% MoM due to pre buying in Jun 2024