Report
EUR 9.28 For Business Accounts Only

Downstream Oil_April’17 Sales proves growth is here to stay

​OCAC recorded Apr'17 POL industry sales of 2.22mn tonnes rising 16%MoM/11%YoY beating the average seasonal uptick (Apr'13-17 average growth of 9%MoM), based on strong retail fuels sales growth (MOGAS/HSD sales up 12/11%MoM and 14/5%YoY respectively) and increased generation on FO (0.76mn tonnes sold up 25%MoM/15%YoY). From a cumulative perspective 10MFY17 industry sales now stand at their highest recorded mark of 21.04mn tonnes (up 12%YoY) where retail fuel growth led the charge (MOGAS/HSD sales growth of 17/12%YoY), supported by FO sales growth of 10%YoY. Growth in all three of these segments, which make up ~96% of total industry volumes bodes well for market penetrating OMCs focusing on these segments for growth.

Provider
AKD Securities Limited
AKD Securities Limited

AKD Securities Ltd. is one of the leading securities firm in Pakistan, providing a comprehensive range of investor focused services, including equity brokerage, economic and securities research, investment banking and financial advisory services. AKD Securities accounts for more than 6% of the average daily value of the Karachi Stock Exchange. AKD Securities was the first brokerage house to launch an online trading platform in Pakistan in November 2002 and now has the largest market share with over 6000 customers. This has helped diversify and expand the retail investor base in the country and ushered in a whole new universe of investors to the stock market.

AKD Securities Ltd. caters to a diversified group of domestic and international institutional investors, high net worth individuals and upscale retail clients, including expatriate Pakistanis. With high quality research, unparalleled execution and distribution capability for both regular and large block trades, AKD Securities Ltd. has earned an outstanding reputation in the Pakistani securities industry.Outside of commercial banks, AKD Securities Ltd. is one of the biggest capital market firms in the country. AKD Securities is the leader in raising and providing risk capital in underwriting, market making and mergers and acquisitions in Pakistan. Good corporate governance and professionalism are emphasized throughout the firm and AKD Securities Ltd. is amongst the very few companies to have introduced a firm-wide comprehensive CODE of ETHICS, overseen by an independent compliance manager.Ultimately, our success is based on the quality of service we provide to our customers and the trust and confidence reposed in us by them. Our focus, therefore, remains on customer satisfaction at all levels in the company.

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