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>Pakistan’s listed E&P sector reported earnings of Rs92bn, up 1% YoY and 24% QoQ.</li><li>Net sales for the sector grew 1% YoY 7% QoQ to Rs232bn in 3QFY26.</li><li>Exploration costs declined 10% YoY in the absence of dry wells by OGDC and PPL.</li></ul>

Pakistan’s listed E&P sector reported earnings of Rs92bn, up 1% YoY and 24% QoQ.Net sales for the sector grew 1% YoY 7% QoQ to Rs232bn in 3QFY26.Exploration costs declined 10% YoY in the absence of dry wells by OGDC and PPL.

パキスタンの石油・ガス探査（E&amp;P）セクターの収益は、2026年度第3四半期に前四半期比24%増加。営業費用と実効税率の低下が主な要因。

Oil & Gas Development

パキスタンの石油・ガス探査（E&P）セクターの収益は、2026年度第3四半期に前四半期比24%増加。営業費用と実効税率の低下が主な要因。

Oil & Gas Development

パキスタンの石油・ガス探査（E&amp;P）セクターの収益は、2026年度第3四半期に前四半期比24%増加。営業費用と実効税率の低下が主な要因。

パキスタンの石油・ガス探査（E&P）セクターの収益は、2026年度第3四半期に前四半期比24%増加。営業費用と実効税率の低下が主な要因。