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…
Karachi, August 22, 2019: Lucky Cement Limited (PSX: LUCK) has won the Best Corporate Report Award with second position in the cement category at the much anticipated “Best Corporate & Sustainability Report Awards 2018.” The award ceremony was jointly organized by the Institute of Charted Accountants of Pakistan (ICAP) and Institute of Cost and Management Accountants…