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)

Macroeconomics

<ul><li>Despite volatile regional situation amidst war, Pakistan economic performance in Mar 2026 remained resilient with most high-frequency indicators exhibiting double-digit YoY growth.</li><li>On the macroeconomic front, secondary market yields (6M T-bills) increased 70bps compared to Feb 2026 due to fear of higher inflation amidst rising oil prices.</li><li>Similarly, the KSE-100 Index witnessed decline of 11.5% MoM in Mar 2026 amidst concerns over war.</li></ul>

Despite volatile regional situation amidst war, Pakistan economic performance in Mar 2026 remained resilient with most high-frequency indicators exhibiting double-digit YoY growth.On the macroeconomic front, secondary market yields (6M T-bills) increased 70bps compared to Feb 2026 due to fear of higher inflation amidst rising oil prices.Similarly, the KSE-100 Index witnessed decline of 11.5% MoM in Mar 2026 amidst concerns over war.

2026년 3월 파키스탄