Equity Analysis /

Pakistan Autos: Sales volume update

  • Auto Industry sales clocked in at c.28,000 units, more than doubled yoy, largely led by PSMC (more than tripled)

  • PSMC continued to lead the yoy growth for the sector, touching a record high c.16,000 units; MTL led the Tractor segment

  • We have a Marketweight stance on the Auto sector with a preference for INDU (TP of PKR1,416/sh)

Abdul Ghani Mianoor
Intermarket Securities
15 July 2022


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