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)

Cross Asset Strategy

<ul><li>MSCI has announced results of its Quarterly Index Review (QIR) on Aug 13, 2024 and all changes will be effective from Aug 30, 2024.</li><li>The Index provider has added one scrip from Pakistan in its MSCI Frontier Markets Index namely Sazgar Engineering (SAZEW) against market expectations of 4-6 scrips.</li><li>MSCI has increased cut-off threshold of total market cap and free float market cap from US$126mn and US$63mn to US$138mn and US$69mn, respectively for this Aug 2024 QIR.</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>

MSCI has announced results of its Quarterly Index Review (QIR) on Aug 13, 2024 and all changes will be effective from Aug 30, 2024.The Index provider has added one scrip from Pakistan in its MSCI Frontier Markets Index namely Sazgar Engineering (SAZEW) against market expectations of 4-6 scrips.MSCI has increased cut-off threshold of total market cap and free float market cap from US$126mn and US$63mn to US$138mn and US$69mn, respectively for this Aug 2024 QIR.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.

Sazgar Engineering Works Limited (SAZEW PK)

Pakistan Market: MSCI Aug 2024 Review; SAZEW added to MSCI Frontier Market Index