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 Energy / Thematic (Sector/Industry)

<ul><li>Pakistan's Oil Marketing Companies (OMCs) recorded sales of 1.5mn tons in Oct 2025, flattish YoY while up 9% MoM.</li><li>This takes total sales for 4MFY26 to 5.4mn tons, reflecting a 4% YoY increase compared to 5.2mn tons in 4MFY25.</li><li>Excluding Furnace Oil (FO) sales in Oct 2025 were 1.47mn tons, reflecting a 2% YoY and 8% MoM rise.</li></ul>

Pakistan's Oil Marketing Companies (OMCs) recorded sales of 1.5mn tons in Oct 2025, flattish YoY while up 9% MoM.This takes total sales for 4MFY26 to 5.4mn tons, reflecting a 4% YoY increase compared to 5.2mn tons in 4MFY25.Excluding Furnace Oil (FO) sales in Oct 2025 were 1.47mn tons, reflecting a 2% YoY and 8% MoM rise.

OMC Sales Flattish YoY While Up 9% MoM In Oct 2025; 4MFY26 Sales Up 4% YoY