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 Banks / Thematic (Sector/Industry)

<ul><li>Pakistan’s listed banks reported profitability of Rs174bn in 1Q2026, slightly up 1% YoY and 8% QoQ.</li><li>On a QoQ basis, profits were driven by 15% growth in non-interest income to Rs170bn, thanks to higher capital gains on investments recorded during the quarter.</li><li>While Net Interest Income (NII) remained largely flattish on QoQ basis despite decline in interest rate in Dec 2025, due to banks’ focus on current account deposits coupled with slight volumetric growth.</li></ul>

Pakistan’s listed banks reported profitability of Rs174bn in 1Q2026, slightly up 1% YoY and 8% QoQ.On a QoQ basis, profits were driven by 15% growth in non-interest income to Rs170bn, thanks to higher capital gains on investments recorded during the quarter.While Net Interest Income (NII) remained largely flattish on QoQ basis despite decline in interest rate in Dec 2025, due to banks’ focus on current account deposits coupled with slight volumetric growth.

Pakistan Banks: Listed Banks Profitability Up 8% QoQ; Non-Interest Income Up 15% QoQ Led By Realization Of Capital Gains