Cement News tagged under: Pakistan Stock Exchange
Cement stocks have outperformed in PSX lately10 September 2020, Published under Cement NewsAn analyst at Intermarket Securities Ltd has reported that cement stocks listed on the Pakistan Stock Exchange (PSX) have recently outperformed and the present bull-run in cement stocks – up 82 per cent since March 2020 – has been driven by many factors. That includes good pick-up in local demand led by the private sector, anticipated commencement of Naya Pakistan Housing Scheme and the recent announcement of Karachi Package by the government, and lower input costs amid a decline in internat... |
Negative sentiments in Pakistan Stock Exchange20 March 2020, Published under Cement NewsThe Pakistan Stock Exchange (PSX) has lost more than 2200 points on the 100 index on 18 March and across the board. All major scripts, including the cement industry turned red, causing huge losses to investors. The market reacted negatively on the announcement of a meagre cut in interest rate by the Central Bank of Pakistan after four years. The State Bank announced 75 basis points reduction in interest rate to 12.5 per cent that was less than the market's anticipation in the wake of economi... |
Pakistan Stock Exchange crashes but cement script sustained10 March 2020, Published under Cement NewsThe Pakistan Stock Exchange (PSX) plummeted Monday morning due to the crash in crude oil prices and the fear of the global spread of coronavirus. The PSX lost more than 2100 points in 100 index of stock across the board as all scripts were down, including cement industry. However, later the investors realised that fall in crude prices would not impact the cement industry, they have resumed fresh buying and most of the cement scripts regained their lost value. However, uncertainty is still ... |
Good indicators for cement industry in Pakistan05 March 2020, Published under Cement NewsThe Pakistan government's intentions to lower the mark-up rates, encouraging cement dispatch data, a decrease in inflation figures and significant growing provincial export data have altogether renewed the investors' confidence in cement sector scripts at Pakistan Stock Exchange (PSX). Presently, Pakistan's central bank SBP Policy Rate is 13.25 per cent per annum, making borrowing too expensive for manufacturers in the country. The cement industry, along with other stakeholders of manufac... |
Cement companies' scripts attracting investors in Pakistan03 October 2019, Published under Cement NewsA 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 consideri... |
Cement continues to shine Pakistan's Stock Exchange15 February 2019, Published under Cement NewsCement stock performance on the Pakistan Stock Exchange (PSX) continues unabated. According to a research house report, Pakistan equities closed marginally negative with benchmark KSE100 Index settling at 40,544 levels today. The market kicked off positive and traded in green for most part of the day but succumbed to losses in the end due to institutional selling. Cement remained in the limelight owing to receding coal prices. As such, Fauji Cement Co Ltd shares were up 1.66 per cent, M... |
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