External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Cross Asset Strategy

<ul><li>Pakistan's CPI inflation clocked in at 11.8% YoY in May-2024, lowest reading in 29 months vs. 17.3% in Apr-2024. This came better than industry expectations of 13.7%, according to a Bloomberg Survey. This takes 11MFY24 CPI reading to 24.52%.</li><li>On a MoM basis, CPI inflation witnessed significant fall of 3.2bps, led by 783bps decline in Food followed by 163bps decline in transport and 133bps in housing, water and electricity segments.</li><li>Within Food segment, prices of tomatoes, onion and chicken fell in range of 35-51% MoM, followed by decline in wheat and wheat flour prices in range of 20-22% MoM.</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's CPI inflation clocked in at 11.8% YoY in May-2024, lowest reading in 29 months vs. 17.3% in Apr-2024. This came better than industry expectations of 13.7%, according to a Bloomberg Survey. This takes 11MFY24 CPI reading to 24.52%.On a MoM basis, CPI inflation witnessed significant fall of 3.2bps, led by 783bps decline in Food followed by 163bps decline in transport and 133bps in housing, water and electricity segments.Within Food segment, prices of tomatoes, onion and chicken fell in range of 35-51% MoM, followed by decline in wheat and wheat flour prices in range of 20-22% MoM.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 Economy - May 2024 CPI at 11.76%, down 324bps MoM; Better than industry expectations