AKD Securities Limited - Pakistan State Oil Co. (PSO) Pakistan OMC volumes increase by 17%YoY for Oct21, (AKD Daily, Nov 02, 2021)

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AKD Securities Limited

Shahrukh Saleem

EUR 9.32 For Business Accounts Only

Pakistan OMC volumes increase by 17%YoY for Oct'21, (AKD Daily, Nov 02, 2021)

AKD Daily

Pakistan OMC volumes increase by 17%YoY for Oct’21

OMC sales clocked in at 2.0mn tons, up 17%YoY while on MoM basis, a meagre improvement of 1%MoM was witnessed. The increase was led by HSD with an increase of 25/18% YoY/MoM where we believe apart from improved business activity, curb in smuggling also played a part after border controls were increased.
Overall, OMC volumes have increased by 22%YoY for 4MFY22 where FO witnessed the highest increase of 32%YoY on the back of increased power generation while MS/HSD witnessed an increase of 14/26%YoY.
Market shares remain fluid with PSO/APL/HASCOL/SHEL accounting for market shares of 52/8/1/8% during Oct'21 where a comparison with Oct'20 reveals increasing share of PSO by 7ppts while market share of APL/HASCOL decreased by 2/4ppts.
We expect OMC volumes to tread the same path with economic activity picking up pace while we believe the incentives provided in FY22 Budget to agriculture sector along with focus on infrastructure spending can provide a significant uplift to volumes in medium term.

AKD Research

03/11/2021 3 EN

Underlying

Pakistan State Oil Co.

Pakistan State Oil is a petroleum group based in Pakistan. Co.'s principal activities are the procurement, storage and marketing of petroleum and related products. Co. also blends and markets various kinds of lubricating oils.

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PK0022501016 Pakistan Stock Exchange Pakistan

Provider

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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Analysts

Shahrukh Saleem

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Pakistan OMC volumes increase by 17%YoY for Oct'21, (AKD Daily, Nov 02, 2021)

PSO 1QFY24 & PSMC 3QCY23 Result Previews, (AKD Daily Oct 19, 2023)

The Pump, (AKD Monthly Report, August 10' 2023)

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