Equity Analysis /

Pakistan OMCs: Mild volume recovery unlikely to prolong in the wake of floods

  • POL product demand depicted modest recovery to 1.53mnMT in Aug’22 after a rapid decline of 26% in the previous month

  • We corroborate impact of current floods from the calamity in 2010, where POL product demand will be impacted

  • Hike in OMC margin, a key catalyst for higher earnings outlook and valuation upside, remains to be ratified by Cabinet

Wajid Rizvi
IMS Research Team
Intermarket Securities
2 September 2022


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