Stocks that contributed significantly to the volumes include MLCF, TRG, FCCL
, UNITY and PAEL, which formed 40% of total volumes.
Volume leaders were MLCF, TRG Pakistan, FCCL
DG Khan Cement Company Limited (DGKC) was up by +4.91pc, Maple Leaf Cement Factory Limited (MLCF) by +3.74pc and Fauji Cement Company Limited (FCCL
) by +1.66pc.
The cement sector came under the hammering belt where LUCK (-4.57 percent), PIOC (-5 percent), KOHC (-5 percent), CHCC (-5 percent), MLCF (-5 percent) and FCCL
(-5 percent) all closed at their respective lower lock, cumulatively contributing:121 points to the index.
According to Taurus Securities, FCCL
might have benefitted from tax credits due under Section 65B of the Income Tax Ordinance, 2001 on account of reorganisation of its Line-II, post silo incident, and on the installation of the waste heat recovery (WHR) power plant.
We remain conscious that one tree contributes the cooling effect of approximately 1000 BTUS and accordingly FCCL
on this 14th august is planting over 5,000 trees for the love of earth.
After the transaction, Kuniaki Saito, the current representative director and president of FCCL
, will assume the role of Representative Director and President of FCCL
expects FY2017 EPS at PKR2.7 which would jump to PKR4.75/share by FY2018.
Recall that FCCL
commissioned its new 2.27 million tons per day cement plant in 2QFY12.
Son produit alimente le FCCL
(un etablissement public a caractere administratif) qui [beaucoup moins que]n'a pas de lien direct avec l'entretien des routes[beaucoup plus grand que], a-t-il precise.
Over the past few years, Taiflex has seen its consolidated revenue and earnings from sales of FPC and FCCL
boards as well as back sheets surge considerably, with revenue and earnings hitting new highs last year.
Top volume stocks were LOTCHEM (2.75 percent), PAEL (+2.07 percent), FCCL
(+4.01 percent), PIBTL (+7.74 percent) and TRG (-0.09 percent).