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)

Macroeconomics

<ul><li>SBP’s next Monetary Policy Committee (MPC) meeting will be held on Jan 29, 2024.</li><li>In order to gauge the view on monetary policy outlook, Topline Research conducted a poll of key market participants on expectations over policy rate and key macro estimates.</li><li>According to the survey, 68% of participants expect the policy rate to remain unchanged at 22%, while the remaining 32% anticipate a policy rate cut. Among those expecting a cut, 5% foresee a reduction of 25bps, 18% expect a cut of 50bps, 5% anticipate a cut of 100bps, and 4% of participants expect it to decrease by more than 100bps. No participants expect an increase in interest rates.</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>

SBP’s next Monetary Policy Committee (MPC) meeting will be held on Jan 29, 2024.In order to gauge the view on monetary policy outlook, Topline Research conducted a poll of key market participants on expectations over policy rate and key macro estimates.According to the survey, 68% of participants expect the policy rate to remain unchanged at 22%, while the remaining 32% anticipate a policy rate cut. Among those expecting a cut, 5% foresee a reduction of 25bps, 18% expect a cut of 50bps, 5% anticipate a cut of 100bps, and 4% of participants expect it to decrease by more than 100bps. No participants expect an increase in interest rates.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 Government International Bond (PKSTAN GOVT)

Pakistan Economy - Monetary Policy Survey; Majority Expect “No Change”