Market Daily: Ongoing rally sees KSE-100 rake in 2,130 points 

The Pakistan Stock Exchange (PSX) continued its winning streak as the equity market stretched Wednesday’s rally, gaining 898 points (2.19 per cent) to close the day at 41,796.

Lucky Cement receives environment excellence award

Lucky Cement Limited won the Environment Excellence Award at the 15th Annual Environment Excellence Awards 2018, organised by The National Forum of Environment and Health (NFEH).

Cement manufacturers jack up prices by Rs15-20 per bag in northern region

As global prices of coal have surged, the cement manufacturers to protect their bottom lines passed on the impact to the consumers by raising prices in the region of Rs15-20 per bag

Domestic cement dispatches grew by 15.42 per cent during 2017-18

Country’s cement exports grow by 1.77 per cent to 4.746 million tonnes

Mega Conglomerate’s deal to acquire Dewan Cement collapses

In end-January this year, it was reported Mega Conglomerate (Pvt) Limited was acquiring 87.5 percent majority stake in Dewan Cement Limited (75% through agreement and 12.5% through public offering)

Looming price risk to restrain cement sector performance despite strong demand

The cement sector is likely to face a bumpy ride ahead as the increase in supply-side concerns including creeping in gradual new supply has been restraining sector performance despite strong demand.

Power Cement to obtain €30m foreign loan for ongoing clinker expansion project

Power Cement announced it had completed the financing arrangements of Rs24.9 billion ($205 million) for the 2.5Mta expansion of its cement plant in the Nooriabad Industrial Area, Kalo Kohar District, Jamshoroo, Sindh

Padding up the cement tycoons’ coffers

With CCP timidly looking away, the APCMA is running a cartel, setting up production quotas and extracting rapacious rates from captive consumers

Power Cement completes financing for new plant

One of Pakistan’s leading cement producers, Power Cement Ltd has completed the financing arrangements of Rs24.9 billion ($205 million) for the 2.5Mta expansion of...

Rupee devaluation could attract foreign investors back into stock market

Foreign investors have been pulling out their money from the stock market and were net sellers of $266 million during FY18 compared to $728 million in the corresponding period of last year

Capacity utilisation in cement reaches all time high at 95pc

KARACHI: With fifteen days of fasting falling in the month of May, cement consumption has slightly been affected as domestic despatches have posted a...

Bestway Cement completes construction of brownfield expansion project

Last April, Bestway Cement (BCL) had shelved its plan to acquire Dewan Cement Ltd’s (DCL) north plant due to legal uncertainties and delays that arose in light of the court proceedings initiated in the Sindh High Court

Pakistan has eight brownfield cement projects underway

China-based Sinoma is currently building a 1.9Mta plant for Bestway Cement at a cost of PKR18.9bn and about 55 percent of the work has been carried out to date

D.G Khan Cement announces completion of Pakistan’s largest cement plant

The cement produced in the trial run is being dispatched to customers. The announcement of commercial production will be made in due course of time, said D.G Khan Cement

Dewan Cement in sweet spot to gain cement share of Bhasha dam

KARACHI: Dewan Cement Limited (DCL), a renowned cement manufacturer of the country, eyes on the rising cement demand in Pakistan in general and on...

Popular News

Alipay set to commence services in Pakistan by end-2018

Back in March, Alibaba’s Ant Financial said it would invest $184.5million for a 45 percent stake in Telenor Microfinance Bank (TMB), a subsidiary of Telenor Group, to further develop TMB’s mobile payment and digital financial services

The fate of the Taseers

Latest News