Pakistan OMCs_Retail throughput sees big fall in final month, (AKD Daily, Jul 04, 2022)
Retail throughput sees big fall in final month!
OMC sales clocked in at 1.93mn tons for June’22, down 11% on a MoM basis while remain-ing stagnant on a YoY basis. This takes total industry volumes for the fiscal year to stand at 22.6mn tons, up 16%YoY. Majority of this YoY rise was led by increases in FO & HSD sales, up 35% & 15% respectively, as power generation from the two fuel sources remained strong during the previous two quarters.
PSO/APL/SHEL/GOP delivered throughput levels of 1.03mn/201k/152k/88k, during the month. This takes their total market shares to end the fiscal year at 47%/8.5%/7%/6.7%, respectively.
Company wise, CNERGY and HASCOL showed the most promised recording their total throughput change by 149%/42% on a MoM basis, taking total monthly sales to 36k & 21k respectively. Overall, industry retail volumes (MS & HSD) shrunk noticeably by 12%/16%MoM and 10%/8%YoY during the period.
Moving forward, with overall competitive landscape improving and phasing out of furnace oil, retail fuels will continue to be the mainstay of the sector while competition from pri-vate players also intensifies through increased storage capacities and retail expansions.
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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