External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Thematic (Sector/Industry)

Pakistan Automobiles and components / Thematic (Sector/Industry)

<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.

Dow Jones Industrial Average (INDU INDEX)

Sazgar Engineering Works Limited (SAZEW PK)

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