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>Pakistan total cement sales in Sep-23 are expected to decline by 5-9% YoY and 10-14% MoM.</li><li>Local dispatches are likely to decline by 9-13% YoY and MoM. Decline in sales could be attributed to rains in northern parts of the country, unavailability of transport due to cultivation of crops and one less working day due to holiday.</li><li>Considering these figures, the average daily domestic sales for the sector are projected to reach 113k tons/day in Sep-23, compared to the five-year average Sep sales of 124k 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 total cement sales in Sep-23 are expected to decline by 5-9% YoY and 10-14% MoM.Local dispatches are likely to decline by 9-13% YoY and MoM. Decline in sales could be attributed to rains in northern parts of the country, unavailability of transport due to cultivation of crops and one less working day due to holiday.Considering these figures, the average daily domestic sales for the sector are projected to reach 113k tons/day in Sep-23, compared to the five-year average Sep sales of 124k 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 Cements: Local Cement Dispatches to Decline by 9-13% YoY and MoM in Sep-2023