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 Oil Marketing Companies (OMC's) recorded sales of 1.39mn tons, highest in 9 months, up 7% YoY and 26% MoM in May-2024, led by increase in diesel sales by 18% YoY. This takes 11MFY24 sales to 13.8mn tons, down 9% YoY.</li><li>Product wise, Diesel sales improved significantly by posting growth of 18% YoY to 643k tons due to harvesting season and a drop in prices by Rs16.3/litre in the month of May.</li><li>Furthermore, crackdown on smuggling of petroleum products has also resulted in somewhat recovery of HSD sales, as per our channel checks.</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 Oil Marketing Companies (OMC's) recorded sales of 1.39mn tons, highest in 9 months, up 7% YoY and 26% MoM in May-2024, led by increase in diesel sales by 18% YoY. This takes 11MFY24 sales to 13.8mn tons, down 9% YoY.Product wise, Diesel sales improved significantly by posting growth of 18% YoY to 643k tons due to harvesting season and a drop in prices by Rs16.3/litre in the month of May.Furthermore, crackdown on smuggling of petroleum products has also resulted in somewhat recovery of HSD sales, as per our channel checks.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 OMC's Sales Rise to 1.4 Mn Tons; Highest in 9 Months