External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Thematic (Sector/Industry)

Pakistan Telecom services / Thematic (Sector/Industry)

<ul><li>As per the latest data released by the Pakistan Telecommunication Authority (PTA), local mobile phone companies manufactured/assembled 1.66mn units in Aug 2026, down 14% YoY and 57% MoM.</li><li>The steep MoM decline is attributable to a high base effect, as production in Jul-26 was elevated amid strong demand following purchase deferments ahead of the FY27 budget.</li><li>Cumulatively, local manufacturing/assembly declined by 6% YoY with 18.66mn units in 8M2026, compared to 19.77mn units in 8M2025.</li></ul>

As per the latest data released by the Pakistan Telecommunication Authority (PTA), local mobile phone companies manufactured/assembled 1.66mn units in Aug 2026, down 14% YoY and 57% MoM.The steep MoM decline is attributable to a high base effect, as production in Jul-26 was elevated amid strong demand following purchase deferments ahead of the FY27 budget.Cumulatively, local manufacturing/assembly declined by 6% YoY with 18.66mn units in 8M2026, compared to 19.77mn units in 8M2025.

Samsung KODEX Samsung Group ETF (102780 KS)

Pakistan Telecom: Local Manufacturing/Assembly of Cell Phones Down 14% YoY in Aug-26