External broker reports(aggregated public sources), Topline Securities

Topline Securities

External broker reports(aggregated public sources)

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.

Thematic (Sector/Industry)

<ul><li>Pakistan car sales (as reported by PAMA) clocked in at 19,818 units in Jul 2026, up by 79% YoY while down 13% MoM.</li><li>The YoY rise was driven by new market entrants, new product launches and surge in auto financing.</li><li>Meanwhile, the MoM decline was primarily due to uncertainty surrounding the new auto policy.</li></ul>

Pakistan car sales (as reported by PAMA) clocked in at 19,818 units in Jul 2026, up by 79% YoY while down 13% MoM.The YoY rise was driven by new market entrants, new product launches and surge in auto financing.Meanwhile, the MoM decline was primarily due to uncertainty surrounding the new auto policy.

Pakistan Automobiles: Car Sales Rose 79% YoY But Down 13% MoM to 19,818 Units in Jul 2026

<ul><li>Pakistan car sales (as reported by PAMA) clocked in at 22,015 units in Apr 2026, up by 107% YoY and 42% MoM. This took 10MFY26 cumulative sales to 166,044 units, up 49% YoY.</li><li>This rise was majorly driven by a rise in sales seen in Pak Suzuki Motor Company (PSMC) and Sazgar Engineering (SAZEW).</li><li>The impressive 107% YoY growth was driven by new market entrants, new product launches, relatively lower inflation in previous months, and surge in auto financing. To recall, auto financing reached 42-month high in Mar 2026 up 34% YoY and 3% MoM.</li></ul>

Pakistan car sales (as reported by PAMA) clocked in at 22,015 units in Apr 2026, up by 107% YoY and 42% MoM. This took 10MFY26 cumulative sales to 166,044 units, up 49% YoY.This rise was majorly driven by a rise in sales seen in Pak Suzuki Motor Company (PSMC) and Sazgar Engineering (SAZEW).The impressive 107% YoY growth was driven by new market entrants, new product launches, relatively lower inflation in previous months, and surge in auto financing. To recall, auto financing reached 42-month high in Mar 2026 up 34% YoY and 3% MoM.

Pakistan Automobiles: Car Sales Rose 107% YoY and 42% MoM to 22,015 Units in Apr 2026

<ul><li>KSE-100 index companies posted earnings of Rs491bn in 3QFY26, up 19% YoY and 8% QoQ from Rs412bn in 3QFY25.</li><li>Excluding OMCs/Refineries, profits are up by 5% YoY but down 2% QoQ in 3QFY26.</li><li>The banking sector’s earnings rose 2% YoY and 14% QoQ to Rs169.7bn in 3QFY26.</li></ul>

KSE-100 index companies posted earnings of Rs491bn in 3QFY26, up 19% YoY and 8% QoQ from Rs412bn in 3QFY25.Excluding OMCs/Refineries, profits are up by 5% YoY but down 2% QoQ in 3QFY26.The banking sector’s earnings rose 2% YoY and 14% QoQ to Rs169.7bn in 3QFY26.

Pakistan Strategy – Corporate Profitability in 3QFY26; Earnings Up 19% YoY, Excluding OMCs/Refineries Up 5% YoY

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Pakistan Automobiles: Car Sales Rose 79% YoY But Down 13% MoM to 19,818 Units in Jul 2026

Pakistan car sales (as reported by PAMA) clocked in at 19,818 units in Jul 2026, up by 79% YoY while down 13% MoM. The YoY rise was driven by new...

Topline Securities

Pakistan Automobiles: Car Sales Rose 107% YoY and 42% MoM to 22,015 Units in Apr 2026

Pakistan car sales (as reported by PAMA) clocked in at 22,015 units in Apr 2026, up by 107% YoY and 42% MoM. This took 10MFY26 cumulative sales to...

Topline Securities

Pakistan Strategy – Corporate Profitability in 3QFY26; Earnings Up 19% YoY, Excluding OMCs/Refineries Up 5% YoY

KSE-100 index companies posted earnings of Rs491bn in 3QFY26, up 19% YoY and 8% QoQ from Rs412bn in 3QFY25. Excluding OMCs/Refineries, profits are...

Topline Securities