External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Thematic (Sector/Industry)

Pakistan Construction materials / Thematic (Sector/Industry)

<ul><li>Local cement dispatches in Pakistan are likely to decrease by 28% month-on-month in June 2025, with a year-on-year decline of 15%.</li><li>The decrease is attributed to fewer working days in June due to Eid holidays, with daily sales expected at 88k tons compared to 118k tons in May.</li><li>While domestic sales are expected to decline, exports are anticipated to rise by 93% year-on-year, with a 30% increase forecasted for FY25.</li></ul>

Local cement dispatches in Pakistan are likely to decrease by 28% month-on-month in June 2025, with a year-on-year decline of 15%.The decrease is attributed to fewer working days in June due to Eid holidays, with daily sales expected at 88k tons compared to 118k tons in May.While domestic sales are expected to decline, exports are anticipated to rise by 93% year-on-year, with a 30% increase forecasted for FY25.

Pakistan Cements: FY25 Local Sales Decline to Narrow to 5% YoY