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 Urea sales in Jun-2024 is expected to clock in at 483k tons, down 21% YoY compared to 610k tons in Jun-2023. However, Urea sales are expected to be up 21% MoM amidst continuation of Kharif crops sowing.</li><li>Urea sales in 1H2024 is expected to clock in at 3,038K tons compared to 3,101k tons in 1H2023, down 2% YoY.</li><li>This is likely to take closing inventory of Urea to be around 474k tons in Jun-2024 vs 215k tons in Jun-2023 and 368K tons in May-2024. Inventory level of urea is likely to be highest in 37 months.</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 Urea sales in Jun-2024 is expected to clock in at 483k tons, down 21% YoY compared to 610k tons in Jun-2023. However, Urea sales are expected to be up 21% MoM amidst continuation of Kharif crops sowing.Urea sales in 1H2024 is expected to clock in at 3,038K tons compared to 3,101k tons in 1H2023, down 2% YoY.This is likely to take closing inventory of Urea to be around 474k tons in Jun-2024 vs 215k tons in Jun-2023 and 368K tons in May-2024. Inventory level of urea is likely to be highest in 37 months.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 Fertilizers - Urea Sales for Jun-2024 at 483k Tons Down 21% YoY