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 Construction materials / Thematic (Sector/Industry)

<ul><li>Pakistan local cement dispatches are likely to decline by 7-11% MoM and 22-26% YoY to clock in at around 2.7-2.8mn tons in Feb-2024.</li><li>MoM decline in local cement dispatches is primarily due to fewer working days in Feb-2024 compared to Jan-2024. Moreover, due to general election, construction activities usually slow down for a few days before and after the election.</li><li>Considering these figures, the average daily domestic sales for the sector is expected to clock in at 93.5k tons/day in Feb-24, compared to the five-year average Feb sales of 128.2k tons/day.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Pakistan local cement dispatches are likely to decline by 7-11% MoM and 22-26% YoY to clock in at around 2.7-2.8mn tons in Feb-2024.MoM decline in local cement dispatches is primarily due to fewer working days in Feb-2024 compared to Jan-2024. Moreover, due to general election, construction activities usually slow down for a few days before and after the election.Considering these figures, the average daily domestic sales for the sector is expected to clock in at 93.5k tons/day in Feb-24, compared to the five-year average Feb sales of 128.2k tons/day.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pakistan Cement: Local Cement Dispatches to Fall 7-11% MoM in Feb-2024