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>KSE-100 index companies posted earnings of Rs491bn in 3QFY26, up 19% YoY and 8% QoQ from Rs412bn in 3QFY25.</li><li>Excluding OMCs/Refineries, profits are up by 5% YoY but down 2% QoQ in 3QFY26.</li><li>The banking sector’s earnings rose 2% YoY and 14% QoQ to Rs169.7bn in 3QFY26.</li></ul>

KSE-100 index companies posted earnings of Rs491bn in 3QFY26, up 19% YoY and 8% QoQ from Rs412bn in 3QFY25.Excluding OMCs/Refineries, profits are up by 5% YoY but down 2% QoQ in 3QFY26.The banking sector’s earnings rose 2% YoY and 14% QoQ to Rs169.7bn in 3QFY26.

Dow Jones Industrial Average (INDU INDEX)

Sazgar Engineering Works Limited (SAZEW PK)

Pakistan Strategy – Corporate Profitability in 3QFY26; Earnings Up 19% YoY, Excluding OMCs/Refineries Up 5% YoY