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 for May 2025 reached 14,762 units, marking a 35% year-on-year and 39% month-on-month increase.</li><li>Sazgar Engineering (SAZEW) experienced the highest month-on-month growth of 67% and an 18% year-on-year rise.</li><li>Indus Motor Company (INDU) achieved a 2.4x year-on-year and 48% month-on-month increase, with sales reaching the highest monthly figure in nearly 3 years.</li></ul>

Car sales in Pakistan for May 2025 reached 14,762 units, marking a 35% year-on-year and 39% month-on-month increase.Sazgar Engineering (SAZEW) experienced the highest month-on-month growth of 67% and an 18% year-on-year rise.Indus Motor Company (INDU) achieved a 2.4x year-on-year and 48% month-on-month increase, with sales reaching the highest monthly figure in nearly 3 years.

Sazgar Engineering Works Limited (SAZEW PK)

Pakistan Automobiles: Car sales in 11MFY25 up 39% YoY; 2/3 wheelers record ~ 3 year high