External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

Shell Pakistan Ltd (Pbs) / Equity Bottom-Up

<ul><li>Pakistan's Oil Marketing Companies (OMCs) recorded sales of 1.58mn tons in Nov 2024, marking a 25-month high. This represents a 15% YoY increase, driven by reduced prices, macroeconomic stabilization, and a decline in smuggling.</li><li>Total sales for 5MFY25 totaled at 6.8mn tons, a 5% YoY rise compared to 6.5mn tons in 5MFY24.</li><li>Excluding furnace oil (Ex-FO) sales in Nov 2024 were 1.54mn tons, reflecting a 19% YoY and 7% MoM rise. For 5MFY25, ex-FO sales totaled 6.5mn tons, an 8% YoY rise.</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 Oil Marketing Companies (OMCs) recorded sales of 1.58mn tons in Nov 2024, marking a 25-month high. This represents a 15% YoY increase, driven by reduced prices, macroeconomic stabilization, and a decline in smuggling.Total sales for 5MFY25 totaled at 6.8mn tons, a 5% YoY rise compared to 6.5mn tons in 5MFY24.Excluding furnace oil (Ex-FO) sales in Nov 2024 were 1.54mn tons, reflecting a 19% YoY and 7% MoM rise. For 5MFY25, ex-FO sales totaled 6.5mn tons, an 8% YoY rise.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 Sales Hit 25-Month High; 30-Month High HSD Sales