Cement continues to shine Pakistan’s Stock Exchange

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.