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Site update: June 21 2024, at 17:45 PKST
Stock update: June 21 2024.

Recent Financial News in the 'cement' category

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Wednesday, June 05 2024

Led by exports, cement sales increase 8% in May
Cement dispatches increased 7.83% and reached 4.275 million tons in May 2024 against 3.965 million tons during the same month of last year. According to data released by the All Pakistan Cement Manufacturers Association (APCMA), local cement sales of the industry were 3.357 million tons during May 2024 compared to 3.432 million tons in May 2023, showing a decline of 2.17%. Exports, however, increased by a massive 72.16% as volumes surged from 533,215 tons in May 2023 to 917,962 tons in May 2024. In May, north-based cement mills dispatched 2.915 million tons, recording an increase of 1.36% against 2.876 million tons in May 2023. South-based mills sold 1.359 million tons of cement, up 24.91% compared to dispatches of 1.089 million tons in May 2023. North-based cement mills supplied 2.753 million tons to domestic markets, showing a decline of 0.44% against 2.765 million tons in May 2023. South-based mills dispatched 604,672 tons to local markets, which was 9.33% less than the dispatches of 666,867 tons during May 2023.
Related news categories: business cement economic-indicators psx stock-exchanges

Cement sales rise
Overall cement sales — domestic and export — increased by eight per cent in May to 4.275 million tonnes from 3.965m tonnes during the same month last year. According to data released by the All Pakistan Cement Manufacturers Association (APCMA), local sales fell 2.17pc year-on-year to 3.357m tonnes from 3.432m tonnes, while exports surged 72pc to 917,962 tonnes from 533,215 tonnes. Overall cement despatches rose 3pc to 41.730m tonnes in 11MFY24 from 40.516m tonnes in the corresponding period last year. Domestic despatches dropped 4pc to 35.097m tonnes in 11MFY24 against 36.526m tonnes in 11MFY23, while exports surged 66.26pc to 6.633m tonnes as compared to 3.990m tonnes. A spokesman for the APCMA said the healthy rise in exports is a good omen; however, the industry is largely dependent on domestic markets to reach its potential.
Related news categories: business cement economic-indicators

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