Adam Securities Limited – Morning Briefing

Karachi, April 12, 2018 (PPI-OT): Sale of cars soars to 16 percent YoY – Positive

Sales of locally assembled cars edged up 16 per cent year-on-year to 161371unitsinJuly-March,PAMAsaidonWednesday.Thelocalcarassemblers(including LCVs, Vans and Jeeps) managed to sell 22,380 units in March 2018, upby 9 percent YoY. However, a nominal decline of 1 per cent was witnessed inMarch 2018. (BRECORDER)