As hyperinflationary dynamics subside, the residual effect has unveiled a large dislocation in valuations. The risk premium attached to overall market valuations to diminish with a potential IMF agreement imminent. With the expansion in bottom line t...
Auto industry sales continued to remain under pressure and further declined by massive 45% MoM and 44% YoY. PSMC has posted the lowest volumetric sales since April 2020. The company only sold 978 units in Feb’23. Auto Sector is likely to continue fac...
IMS Research Team @ Intermarket Securities 13 March 2023
Saudi cement sector’s total sales volume decreased by 0.5% mom (-1.3% yoy) to 4.90mn tons in February 2023. Local cement sales decreased by 1.6% mom (+1.4% yoy) to 4.22mn tons. Out of the 17 companies, 7 showed a mom increase.