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 / Thematic (Sector/Industry)

<ul><li>Pakistan car sales in June 2025 reached 21,773 units, marking a 64% YoY and 47% MoM increase.</li><li>Pak Suzuki Motor Company experienced a significant MoM growth, primarily due to increased Alto sales ahead of a GST increase.</li><li>The overall positive trend in auto sales is expected to continue into FY26, driven by lower interest rates and new model launches.</li></ul>

Pakistan car sales in June 2025 reached 21,773 units, marking a 64% YoY and 47% MoM increase.Pak Suzuki Motor Company experienced a significant MoM growth, primarily due to increased Alto sales ahead of a GST increase.The overall positive trend in auto sales is expected to continue into FY26, driven by lower interest rates and new model launches.

Sazgar Engineering Works Limited (SAZEW PK)

Pakistan Automobiles: Car sales in Jun 2025 up 43% YoY to 21,773 units, ~ 3 year high