External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Thematic (Sector/Industry)

Pakistan Paper and forest products / Thematic (Sector/Industry)

<ul><li>Pakistan’s Urea sales in Nov-2023 are expected to clock in at 610k tons, up 5% YoY compared to 583k tons in Nov-2022. The same is expected to be up 33% MoM due to seasonal factors.</li><li>Urea sales in 11M2023 are expected to clock in at 6,014K tons compared to 5,783k tons in 11M2022, up 4% YoY.</li><li>This is likely to take closing inventory of Urea to be around 120k tons in Nov-2023 vs 313k tons in Nov-2022.</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 Urea sales in Nov-2023 are expected to clock in at 610k tons, up 5% YoY compared to 583k tons in Nov-2022. The same is expected to be up 33% MoM due to seasonal factors.Urea sales in 11M2023 are expected to clock in at 6,014K tons compared to 5,783k tons in 11M2022, up 4% YoY.This is likely to take closing inventory of Urea to be around 120k tons in Nov-2023 vs 313k tons in Nov-2022.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 Fertilizer - Pakistan’s Urea sales for Nov-2023 up 5% YoY; 11M2023 up 4% YoY