Equity Analysis /
Pakistan

Pakistan OMCs: November 2021 - First month of nearly flat yoy sales growth

  • OMC sales showed the first signs of weakening growth in November thanks to record high retail prices

  • After months of gaining market share, PSO lost ground to small OMCs. APL gained share

  • We expect sales to be weaker in December

Saad Ali
Saad Ali

Head of Research

Intermarket Securities
3 December 2021