Crescent Steel and Allied Products Limited (CSAP), established in 1987, primarily produces coated steel line pipes and cotton yarn. The company’s cotton spinning division has an installed capacity of 19,680…
International Steels Limited (ISL) announced its financial results for 4QFY24 today. The company recorded earnings of PkR 0.59bn (EPS of PkR 1.37) vs. PkR 1.94bn (EPS of PkR 4.46) in…
Attock Cement Pakistan Ltd has informed Pakistan Stock Exchange Limited (PSX) further to the company’s intimations dated April 28, 2023, and June 21, 2023, regarding the Agreement for the sale…
Pakistan's steel industry continues to face demand challenges amid high finance costs. A local research house, IMS Research, has studied the main players in the steel industry and estimated incoming…
§ In a major development today, Punjab-based manufacturers have obtained a stay order from the court against the imposition of 6% of the ex-factory cement/clinker price as royalty on Limestone…
Lucky Cement Ltd. (LUCK) reported its highest-ever quarterly standalone earnings of PkR9.5bn (EPS: PkR32.3), taking full-year standalone earnings to PkR28.1bn (EPS: PkR95.9) - also the highest-ever. The result exceeded our…
LUCK anticipates declaring a profit after tax of PKR 6,158mn (EPS: PKR 20.10) in 4QFY24, reflecting a 138% QoQ increase. Furthermore, the earnings for FY24 are predicted to reach PKR…
Pakistan's cement industry recorded a 6.81% decline in dispatches in July 2024. Total Cement despatches during July 2024 were 3.010 million tons, compared to 3.230 Million Tons despatched during the…
In a notice circulated by the Government of Punjab, dated August 01, 2024, rates of royalty on raw material for cement manufacturers have been determined at 6% of the ex-factory…
We initiate International Steels Limited (ISL) coverage with a BUY rating. Our Jun 25 target price for the stock stands at PkR 134/sh, offering a potential upside of 52% along…
Dealers in Pakistan are planning to go on strike, which may significantly impact the sales and distribution of cement in Pakistan. The strike is in response to negative Federal Budget…
Mughal is focusing on cost efficiencies, such as installing a non-ferrous recycling plant and investing in a coal-based power plant, which will not only provide cheap electricity but also reduce the tax rate.
Khalid Tawab, Chairman of the Iron & Steel Merchants Association, warned that the Pakistani economy is at risk and industries are on the verge of collapse due to uncompetitiveness with…
Chairman of FPCCI Advisory Board and National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Monday…
Cement despatches declined by 12.58% in June 2024. Total Cement despatches during June 2024 were 3.552 million tons against 4.063 Million Tons despatched during the same month of last fiscal…
Topline Pakistan Research believes that Lucky Cement (LUCK) is heading for growth through business diversification. The analyst recommended a buy call for it. We reiterate our “BUY” stance on Lucky…
Pakistan's local cement dispatches will likely be down 19-21% YoY and 16-18% MoM to clock in at around 2.78mn tons in June 2024. Local cement dispatches on a YoY basis…
The cement industry in Pakistan faced significant challenges in FY24, as reported by the central bank. The financial year data represents ten months. The State Bank of Pakistan (SBP) released…
Cement despatches increased by 7.83% in May 2024. Total Cement despatches during May 2024 were 4.275 million tons against 3.965 Million Tons despatched during the same month of last fiscal…
BMA Capital organised a webinar with the CFO of DG Khan Cement Company (DGKC), Mr Inayat Ullah Niazi. The webinar focused on the company’s financial performance and its outlook. The…
Mughal Iron & Steel Industries Ltd (MUGHAL) – Key Takeaways At the Topline Pakistan Mid Cap Call Conference 2024 second session on Mughal Steels Limited (MUGHAL), the key speakers were…
The cement data for the upcoming month of May’24 is expected to reveal a significant rise of 1.4% YoY in dispatches, settling at 4.0mn tons. This projection, when compared to…
In a notice recently, the National Tariff Commission (NTC) announced that it has decided to continue the anti-dumping duty of 19.15% on imports of steel rebars from China. The decision is…
Cement dispatches slightly declined in April 2024. Total Cement dispatches during April 2024 were 2.943 million tons, compared to 2.951 Million Tons dispatched during the last fiscal year. According to…
All Pakistan Cement Manufacturers Association (APCMA) has expressed serious concerns about the deteriorating law and order situation, which is threatening their heavy investments. "The law and order situation in Dera…
