Topline Securities has been awarded Best Securities House in Pakistan by Euromoney in its 2025 Awards for Excellence. Grateful to our clients, partners, and team whose trust and commitment made this recognition possible. We remain dedicated to delivering research-driven,

Pakistan Oilfields (POL) - Earnings revised down; BUY maintained (Jul 23, 2025)

Pakistan Economy - Monetary Policy Survey; 56% of the participants expecting 50-100bps; we expect 50bps cut (Jul 23, 2025) #Economy #MPC #Pakistan #SBP #Topline

Topline Alert Jul 24, 2025 S&P upgrades Pakistan rating by one notch to B- with stable outlook from CCC+ after the gap of 3 years, citing better financial conditions. Last time Pakistan had B- Rating in Jul 2022 with negative outlook. However, to note, B- rating with stable

Back to B after 3 years

ATLH Posts Highest-Ever Quarterly Profit In 1QMY26, ATLH reported a record profit of Rs4.8bn, rising 4% QoQ and 38% YoY, driven by strong sales of 360,826 units — up 9% QoQ and 30% YoY. #AtlasHonda #ATLH #Auto #Bikes #Pakistan

Bike Sales Picking Up with Economic Recovery As Pakistan’s economy stabilizes, motorcycle sales are on the rise — a key indicator of improving consumer sentiment. Atlas Honda, with its iconic CD 70, is benefiting from this trend, reaffirming its dominant position in the

Trucks & Buses Sales Hit a 41-Month High As per PAMA data, Truck and bus sales rose to 737 units in Jun’25 — the highest in 41 months, last seen at 778 units in Jan’22 — supported by improving macro indicators and revival in infrastructure activity. However, volumes remain 28%

We are pleased to announce the successful closure of Citi Pharma Limited’s Sukuk issuance — an Unsecured, Rated, Privately Placed, Short-Term Sukuk of PKR 1,500 million. This milestone underscores our continued commitment to providing innovative and customized financing

Another Landmark Closed by Topline Securities ✅ Proud to announce the successful placement of Rs1.5 billion Sukuk for Citi Pharma Ltd — yet another milestone in our journey of capital market excellence. Grateful to our clients and partners for their continued trust!

Big cheers to Mr. Mohammad Yaqoob and Mr. Shankar Talreja on receiving this year’s Annual Religious Benefit Grant. Wishing both recipients a meaningful and fulfilling experience ahead. #ReligiousBenefit #ToplineEmployee #AnnualGrant #LuckyDraw

Sazgar Engineering Works Limited (SAZEW): Sazgar Launches PHEV Lineup, H6 PHEV pre booking started (Jul 28, 2025)

FFC: 2Q2025 EPS at Rs17.69 up 62% YoY and 90% QoQ; 1H2025 EPS at Rs27.02 up 47% YoY - Earnings higher than industry expectations. 2Q2025 DPS Rs12; 1H2025 Rs19 - Higher than industry expectations.

Major Strategic Move by Systems Limited (SYS) Pakistan's largest listed sotware firm, Systems Limited (SYS), has approved the acquisition of British American Tobacco SAA Services (Pvt) Ltd from BAT International (UK). The target company offers IT-led shared services across

Systems Limited (SYS): Systems announced a new partnership/Agreement with British American Tobacco (BAT) and Accenture UK (Jul 30, 2025) Sania Irfan #SYS #PSX #Pakistan #Topline #IT

Big Intervention, Big Achievement According to the SBP Governor, Pakistan’s central bank has purchased nearly USD 20 billion from the market over the past 3 years— a strategic move that played a key role in stabilizing the economy and rebuilding FX reserves. One of the

Pakistan Local Manufacturing/Assembly of Mobile Phones down 13% in FY25 (Jul 31, 2025) #Mobile #PSX #Topline #Pakistan #Phones

Habib Bank Deposits grew 7% YoY and crosses Rs 5 Trillion mark in Jun 2025, maintaining its market leaderships in deposits #HBL #HabibBank #Deposit #Pakistan

Contrary to market expectations, the State Bank of Pakistan kept the policy rate unchanged in its latest MPC meeting — signaling a cautious approach despite improving macro indicators. I shared my thoughts on this development on Geo News, highlighting the reasons behind the hold