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CULTUS with an increase of 9% (552 units) and 5% (1,321 units) respectively. However, ALTO remained an only product of the company which could not catch the attention of consumer hence its sales declined by 4% (1,056 units). INDU : On M-o-M basis, hot cake segment of the company, Corolla, showed a substantial decline of 19% to 3,331 units in May 11 (average 3,479 units per month in 11MFY11). On the other hand, in May11 sales volume of Cuore showed a substantial growth of 82% to 569 units versus 312 units in previous month. HCAR : On M-o-M basis, both segments of the company showed a lackluster performance as sales of the Civic decline by 41% to 362 units while sales of the City also to remained gloomy with 43% decline in May 11 as against 612units in the pervious month. Tractor: Tractors sale volumes witnessed a substantial increase of 15% MoM to 6,248 units in May 11. Millat and Al-Ghazi both showed sharp rise in sales of 18% and 9% MoM respectively.
HOLD
Market Snapshot Index KSE 30 11897.7 KSE 100 12377.77 KSE ALL 8605.57 Chg 1.91 47.63 29.38 % 0 .02 0.39 0.34
11%
0% 56%
33%
Muhammad Sarfraz Abbasi Sarfraz.abbasi@summitcapital.com.pk Phone: 021-35376125 B-209, Park Towers, Clifton, Karachi
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