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Cement bags prices & Qatar diplomatic crises make bourse end flat!

SANA MAHMOOD

KARACHI: Buzz apropos prices increase in cement bags has facilitated the sector lead the trading today: Lucky Cement gained 1.43%, DG Khan Cement 1.57%, Maple Leaf Cement 3.11% and Fauji Cement 1.75%!

With trading of sixteen million shares Engro Polymer & Chemicals gained 4.98%.

On the contrary, since Qatar crisis made oil prices slip, Pakistan Oilfields closed down 1.62 and OGDC at 1.43%.

Nevertheless, the WB Global Economic Prospects Report forecast apropos 5.5% increase for 2017-18 helped in the close in the green.

Of the 365 companies, value of shares of 20 remained unchanged, 152 gained and the remaining declined. Rs. 16.4 billion worth Rs. 259.5 million shares were traded today.

The top five leaders were: Engro Polymer, 15.9m shares (+4.98pc); Dost Steel Ltd., 15.9m shares (-0.50pc); Power Cement, 14.6m shares (-4.31pc), Bank of Punjab, 13.5m shares (-12.82pc), Maple Leaf Cement & 10.1m shares (+3.11pc).

 

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M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.