Cement companies' scripts attracting investors in Pakistan

A number of Pakistan cement sector companies listed on the Pakistan Stock Exchange (PSX) are performing well on heels of good news for the last two days.

According to local research house market reports, the PSX 100 Index gained another +109.03pts or +0.34 per cent in 2 October session, thanks to a late session rally in Financials (+1.16 per cent) and Materials (in particular cements).

Cement was in the driving seat today right from the start on news flow that the government is considering to allow builders and developers to invest in construction projects without questioning the source of equity and because of increase in cement prices in the northern region.

The government has made it mandatory for sale purchase of properties subject all sorts of documents, which has affected the sale of cement off lately.