External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Thematic (Sector/Industry)

Pakistan Materials / Thematic (Sector/Industry)

<ul><li>Pakistan's local cement dispatches are expected to increase by 2% YoY to 3.62mn tons in Sep-2026.</li><li>On a MoM basis, local cement dispatches are expected to increase by 10%, primarily driven by an 11% MoM increase in the North, while South dispatches are expected to rise by 8%.</li><li>However, local cement dispatches are expected to increase by 6% YoY to 10.67mn tons.</li></ul>

Pakistan's local cement dispatches are expected to increase by 2% YoY to 3.62mn tons in Sep-2026.On a MoM basis, local cement dispatches are expected to increase by 10%, primarily driven by an 11% MoM increase in the North, while South dispatches are expected to rise by 8%.However, local cement dispatches are expected to increase by 6% YoY to 10.67mn tons.

Jiangsu King's Luck Brewery JS (603369 CH)

Pakistan Cements - Pakistan Cement - Local Cement Dispatches Likely to Be Up by 2% YoY in Sep 2026; 1QFY27 Local Dispatches Expected to Be Up by 6% YoY