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)

Equity Bottom-Up

<ul><li>Meezan Bank (MEBL) conducted its 2025 Corporate Briefing Session today where management discuss financial performance and outlook.</li><li>Management expects interest rates to have bottomed out and anticipates a policy rate hike of 100–150bps in the next monetary policy meeting. Notably, prior to the war, management had expected policy rate to bottom at 10%, but the current situation has altered this view.</li><li>The bank has received Shariah board approval for the launch of credit cards and is currently configuring its systems. The rollout of credit cards is expected in 2027.</li></ul>

Meezan Bank (MEBL) conducted its 2025 Corporate Briefing Session today where management discuss financial performance and outlook.Management expects interest rates to have bottomed out and anticipates a policy rate hike of 100–150bps in the next monetary policy meeting. Notably, prior to the war, management had expected policy rate to bottom at 10%, but the current situation has altered this view.The bank has received Shariah board approval for the launch of credit cards and is currently configuring its systems. The rollout of credit cards is expected in 2027.

Topline Flash Note: Meezan Bank (MEBL) – Corporate Briefing Key Takeaways