Equity Analysis /
Pakistan

Pakistan OMCs: June 2021 result preview – the beginning of weak earnings

  • Pakistan OMCs are likely to post weak results for the Apr-Jun 2021 quarter

  • Inventory and exchange losses will overshadow positives from robust sales and OMC margins

  • Next quarter should be weak as well, but valuations remain cheap. Hence we are Marketweight on the sector

Saad Ali
Saad Ali

Head of Research

Intermarket Securities
9 August 2021