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 total cement sales in Oct-23 are expected to decline by 7-11% YoY and 4-8% MoM.</li><li>Local dispatches are likely to decline by 19-23% YoY and 11-15% MoM. Decline in sales could be attributed to unavailability labor due to start of Rabi season, high construction cost and slowdown in construction activities.</li><li>Considering these figures, the average daily domestic sales for the sector are expected to reach 99.6k tons/day in Oct-23, compared to the five-year average Oct sales of 138.7k 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 total cement sales in Oct-23 are expected to decline by 7-11% YoY and 4-8% MoM.Local dispatches are likely to decline by 19-23% YoY and 11-15% MoM. Decline in sales could be attributed to unavailability labor due to start of Rabi season, high construction cost and slowdown in construction activities.Considering these figures, the average daily domestic sales for the sector are expected to reach 99.6k tons/day in Oct-23, compared to the five-year average Oct sales of 138.7k 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 Cements: Local Cement Dispatches to Decline by 19-23% YoY in Oct-2023