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 OMC’s recorded sales of 1.4mn tons up 9% MoM while Ex-Furnace Oil (FO) sales up 7% MoM in Nov-2023. The MoM jump in sales is due to lower Petrol &amp; Diesel prices and low base of FO sales in last month.</li><li>Average Petrol price of Nov 2023 came down to Rs282/lit compared to Rs303/lit in Oct-2023. Similarly average Diesel prices came down to Rs300/lit in Nov-2023 from Rs311/lit in Oct-2023.</li><li>FO sales for Nov 2023 rose 54% MoM to 82K tons. This rise is due to the shortage of RLNG/Gas and reduced hydel power generation in winter months, leading in a switch to FO based power generation, we believe.</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 OMC’s recorded sales of 1.4mn tons up 9% MoM while Ex-Furnace Oil (FO) sales up 7% MoM in Nov-2023. The MoM jump in sales is due to lower Petrol &amp; Diesel prices and low base of FO sales in last month.Average Petrol price of Nov 2023 came down to Rs282/lit compared to Rs303/lit in Oct-2023. Similarly average Diesel prices came down to Rs300/lit in Nov-2023 from Rs311/lit in Oct-2023.FO sales for Nov 2023 rose 54% MoM to 82K tons. This rise is due to the shortage of RLNG/Gas and reduced hydel power generation in winter months, leading in a switch to FO based power generation, we believe.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: OMC’s sales rise 9% MoM in Nov-2023; EX-Furnace Oil up 7% MoM in Nov-2023