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 Automobiles and components / Thematic (Sector/Industry)

<ul><li>Car sales in Pakistan reached 111,464 units in 10MFY25, marking a 40% year-over-year (YoY) increase.</li><li>The month-on-month (MoM) decline in car sales was attributed to highway closures in Sindh, which delayed deliveries.</li><li>Factors contributing to YoY growth include a stable macroeconomic environment, lower interest rates, easing inflation, and new model launches.</li></ul>

Car sales in Pakistan reached 111,464 units in 10MFY25, marking a 40% year-over-year (YoY) increase.The month-on-month (MoM) decline in car sales was attributed to highway closures in Sindh, which delayed deliveries.Factors contributing to YoY growth include a stable macroeconomic environment, lower interest rates, easing inflation, and new model launches.

Sazgar Engineering Works Limited (SAZEW PK)

Pakistan Automobiles: Car sales in 10MFY25 up 40% YoY to 111,464 units