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 18% MoM to clock in at 2.76mn tons in Jun-2024. Dispatches are also anticipated to decline by 21% YoY. Our analysis is based on the actual numbers of 23 days, wherein local sales stands at 2.05mn tons.</li><li>MoM decrease in local cement dispatches is primarily due to lower working days in Jun-2024 in light of Eid holidays. Sales in May 2024 were higher due to post Ramadan seasonal demand. To recall, sales in May-2024 stood at 3.36mn tons compared to 11MFY24 monthly average of 3.19mn tons.</li><li>Considering above sales figures, the average daily domestic sales for the sector is expected to clock in at 92.0k tons/day in Jun-24 which is lower than Jun-23 average of 116.3k 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 18% MoM to clock in at 2.76mn tons in Jun-2024. Dispatches are also anticipated to decline by 21% YoY. Our analysis is based on the actual numbers of 23 days, wherein local sales stands at 2.05mn tons.MoM decrease in local cement dispatches is primarily due to lower working days in Jun-2024 in light of Eid holidays. Sales in May 2024 were higher due to post Ramadan seasonal demand. To recall, sales in May-2024 stood at 3.36mn tons compared to 11MFY24 monthly average of 3.19mn tons.Considering above sales figures, the average daily domestic sales for the sector is expected to clock in at 92.0k tons/day in Jun-24 which is lower than Jun-23 average of 116.3k 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.

Pakistan Cement: Local Cement Dispatches Likely to Be Down 18% MoM in Jun-2024