Karachi, February 07, 2020: Cement sector continued to post growth in the month of January as its total despatches increased to 4.074 million tons, an increase of 11.26 percent from 3.662 million tons during the same month last year. As per the data released by All Pakistan Cement Manufacturers’ Association (APCMA) domestic consumption increased by…
Karachi, December 04, 2019: The domestic cement in the first five months of this fiscal reached 16.854 million tons posting a positive growth of 2.91 percent while exports reached 3.608 million tons depicting a growth of 21.46 percent. Overall cement grew by 5.76 percent to 20.462 million tons. In November 2019, cement industry 3.538 million tons…
Karachi, September 6, 2019: Since July 2018 on the directives of Honorable Supreme Court all imported coal is being handled at Port Qasim Authority. Pakistan imports coal in access of 13- 14 million tons per annum and almost 80 percent of the quantity is transported to upcountry as an energy fuel to different industries including…
Karachi, September 2, 2019: After encountering a technical glitch at start, Pakistan Stock Exchange progressed well during the day, led by across the board buying activity in E&P, Banks, Cement and Steel Sectors. The main reason behind the surge in index can be attributed to resolution a host of measures approved by SECP over the weekend…
Karachi, August 27, 2019: Fauji Cement Company Limited reported 4QFY19 EPS of Rs0.28, in-line with our estimates of Rs0.28. Cumulatively the company’s EPS for the year of FY19 declined by 17 percent YoY to Rs2.05. Along with the results the company announced a cash dividend of Rs0.75/share taking total DPS to Rs1.5. Revenue of the company…