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 11% YoY to clock in at 2.46mn tons in Jul-2024. Dispatches are also anticipated to decline by 20% MoM.</li><li>MoM decrease in local cement dispatches is primarily due to expected hike in cement prices in Jul 2024 amidst increase in FED by Govt to the extent of Rs100/bag.</li><li>Furthermore, strikes from some dealers and retailers in retaliation of budgetary measures by government also led to decline in cement sales, in our view.</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 11% YoY to clock in at 2.46mn tons in Jul-2024. Dispatches are also anticipated to decline by 20% MoM.MoM decrease in local cement dispatches is primarily due to expected hike in cement prices in Jul 2024 amidst increase in FED by Govt to the extent of Rs100/bag.Furthermore, strikes from some dealers and retailers in retaliation of budgetary measures by government also led to decline in cement sales, in our view.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 Cement: Local Cement Dispatches Down by 11% YoY in Jul-2024;