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)

Thematic (Sector/Industry)

Pakistan Oil, gas and consumable fuels / Thematic (Sector/Industry)

<ul><li>Pakistan recorded monthly OMC sales of 1.06mn tons down significantly by 31% YoY and 25% MoM in Sep 2023, the lowest level since COVID lockdown in March 2020.</li><li>This decline was primarily attributed to record-high prices, smuggled oil from Iran, and lower FO-based power generation.</li><li>Ex-Furnace Oil (FO) sales clocked in at 0.97mn tons in Sep 23, down 20% YoY &amp; 24% MoM.</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 recorded monthly OMC sales of 1.06mn tons down significantly by 31% YoY and 25% MoM in Sep 2023, the lowest level since COVID lockdown in March 2020.This decline was primarily attributed to record-high prices, smuggled oil from Iran, and lower FO-based power generation.Ex-Furnace Oil (FO) sales clocked in at 0.97mn tons in Sep 23, down 20% YoY &amp; 24% MoM.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 Oil Marketing: Lowest OMC Sales Since COVID-19 Lockdown in Mar-2020