External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Bank Alfalah (BAFL) conducted its corporate briefing session today where management discussed financial performance and outlook for 1Q2026.</li><li>Within the overall investment book, 33% is allocated to fixed-rate instruments, including fixed-rate PIBs yielding over 13.4%.</li><li>During 1Q2026, investments were reduced to take advantage of interest rate movements and to book capital gains, resulting in an 87% YoY reduction in borrowings.</li></ul>

Bank Alfalah (BAFL) conducted its corporate briefing session today where management discussed financial performance and outlook for 1Q2026.Within the overall investment book, 33% is allocated to fixed-rate instruments, including fixed-rate PIBs yielding over 13.4%.During 1Q2026, investments were reduced to take advantage of interest rate movements and to book capital gains, resulting in an 87% YoY reduction in borrowings.

Topline Flash Note: Bank Alfalah (BAFL) –Corporate Briefing Key Takeaways