Cement 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, Maple Leaf Cement Factory Ltd PA +3.74 per cent and DG Khan Cement Co Ltd +4.91 per cent and these companies collectively traded 30m shares, putting cement in the top five volume leaders.
Chinese cement dropped sharply in 2024, and will continue to fall
The decline in the Chinese cement market deepened in 2024. Demand contracted eight per cent YoY ...