Record Cement Sales Raise Hopes of Pakistan Economic Recovery
From the Blog riazhaqDomestic cement sales are up 9% year-over-year for the first 7 months of Pakistan's Fiscal 2014-15, according to media reports. Overall, cement industry reports cement shipment of over 20 million tons in 7 months, a 6% annual increase with rising domestic demand offsetting falling exports due to weakness abroad. Market capitalization of Pakistani cement companies has jumped 70% last year, about 3 times more than the KSE-100 market index which rose 27% in 2014. This is the third consecutive year that cement companies have outperformed the broader market. Investors in Pakistan's cement sector have seen 600% rise in the last three years. It appears that construction sector is getting a boost from falling inflation and declining interest rates with a big drop in world oil prices.pakistanblogs.blogspot.comRead Full Post
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