Pakistan OMC's_POL sales clocked in at 1.52mn tons, up 6%MoM, (AKD Daily, Sep 02, 2022)
POL sales clocked in at 1.52mn tons, up 6%MoM
POL product sales clocked in at 1.52mn tons for Aug’22 changing by –22%/6% YoY/MoM, compared to 1.93mn/1.44 tons during Aug’21/Jul’22
The country received 190% more rain than the 30-yr average through entirety of Aug’22 as per sources, taking total industry volumes to 2.96mn tons during 2MFY22, down 24%YoY.
Company wise, APL stood the most resilient as total offtakes stood at 154k tons, up 8% MoM as compared to industry’s 5% rise during the month, ending the month with total market share standing at 10.1% for the period.
We expect OMC sales to be severely impacted by the said floods as overall economic activi-ty in the affected regions are to be hit, specifically HSD and RFO, as reduced agricultural activity and power generation from the said sources are to remain on the lower end during the next few months.
Overall, we expect mobility in the affected regions to remain stagnant on the back of lower travel/up-country travel, which may in-turn reduce future sales of MS aswell (damaged terrain/lower auto sales).
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.