External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Thematic (Sector/Industry)

Pakistan Chemicals / Thematic (Sector/Industry)

<ul><li>Pakistan’s Urea sales in Sep-2023 are expected to clock in at 530k tons, up 4% YoY compared to 508k tons in Sep-2022. The same is expected to be down 18% MoM due to seasonal factors.</li><li>Urea sales in 9M2023 are expected to clock in at 4,911K tons compared to 4,770k tons in 9M2022, up 3% YoY.</li><li>This is likely to take closing inventory of Urea to around 80k tons in Sep-2023 vs. 87k tons in Aug-2023.</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 Sep-2023 are expected to clock in at 530k tons, up 4% YoY compared to 508k tons in Sep-2022. The same is expected to be down 18% MoM due to seasonal factors.Urea sales in 9M2023 are expected to clock in at 4,911K tons compared to 4,770k tons in 9M2022, up 3% YoY.This is likely to take closing inventory of Urea to around 80k tons in Sep-2023 vs. 87k tons in Aug-2023.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: Urea sales for Sep-2023 up 4% YoY; 9M2023 up 3% YoY