Cement prices in North region raised by Rs20 per bag

News Image

MG News | June 03, 2022 at 11:33 AM GMT+05:00

0:00

June 03, 2022 (MLN): Amid soaring international coal prices, supply chain concerns on Russia-Ukraine chaos and PKR depreciation, cement manufacturers in the North region have increased cement prices by Rs20/bag, effective from June 02, 2022.

Sharing the aforesaid information on Twitter, Topline Securities said, “The new price in the North region is in the range of Rs890-905/bag, as per channel checks.”

“We expect a similar price hike in the south region soon,” it added.

Pakistan’s cement sector is likely to pay the price of prevailing micro/macro-economic, political, and geopolitical scenarios in lower margins in the fiscal year 2022-23 as the country’s uncertain dynamics will dominate the long-term perspective for the sector.

With the rising momentum of int’l coal prices and inflationary pressure, most of the cement manufacturers have switched towards Afghan coal as it has been offered at ~35-45% discount from Richard Bay Coal.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 158,465.06
390.15M
-1.02%
-1635.97
ALLSHR 96,559.16
950.27M
-0.99%
-966.38
KSE30 48,334.92
161.42M
-1.07%
-524.48
KMI30 229,055.35
110.24M
-1.35%
-3133.53
KMIALLSHR 63,239.37
426.71M
-1.12%
-719.42
BKTi 44,632.28
59.89M
-0.70%
-315.76
OGTi 31,295.76
12.54M
-0.78%
-245.37
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 110,515.00 111,595.00
109,715.00
-115.00
-0.10%
BRENT CRUDE 64.88 64.96
64.69
-0.04
-0.06%
RICHARDS BAY COAL MONTHLY 80.50 0.00
0.00
-1.10
-1.35%
ROTTERDAM COAL MONTHLY 92.50 0.00
0.00
-0.20
-0.22%
USD RBD PALM OLEIN 1,082.50 1,082.50
1,082.50
0.00
0.00%
CRUDE OIL - WTI 60.36 60.47
60.13
-0.12
-0.20%
SUGAR #11 WORLD 14.43 14.56
14.21
0.06
0.42%

Chart of the Day


Latest News
October 30, 2025 at 06:00 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


October 29, 2025 at 06:00 PM GMT+05:00

Govt accelerates cashless transition


October 29, 2025 at 04:48 PM GMT+05:00

Abbott Pakistan profit surges 36% to Rs5bn in 9MCY25


October 29, 2025 at 04:45 PM GMT+05:00

SBP Raises Rs1.34tr in dual auctions of MTBs, PIB-FR



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg