PABC expects order decline despite peak season amid security issues

MG News | May 22, 2024 at 12:16 PM GMT+05:00

0:00

May 22, 2024 (MLN): Pakistan Aluminium Beverage Cans Limited (PSX: PABC) expects a negative impact on its order bookings during the peak season owing to ongoing security issues at Chamman.

PABC shared the development in its notice to the Pakistan Stock Exchange (PSX) on Wednesday.

"We are experiencing logistical disruptions and a shortage of vehicles for our exports to Afghanistan, which may impact revenue from Afghan exports," the notice reads.

It added, "Coupled with the near 25% YoY decline in local order bookings, we expect a negative impact on our order bookings during the peak season."

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	161,935.19 239.78M	0.80% 1277.69
ALLSHR	97,989.64 672.11M	0.80% 780.92
KSE30	49,083.13 162.29M	0.73% 357.18
KMI30	231,590.57 121.07M	0.80% 1835.48
KMIALLSHR	63,730.38 301.36M	0.65% 414.39
BKTi	44,511.26 43.79M	1.00% 442.70
OGTi	31,229.10 21.20M	1.42% 438.44

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	95,045.00	100,495.00 94,230.00	-3080.00 -3.14%
BRENT CRUDE	64.29	64.87 63.36	1.28 2.03%
RICHARDS BAY COAL MONTHLY	85.00	85.00 85.00	0.05 0.06%
ROTTERDAM COAL MONTHLY	96.45	96.45 95.75	1.20 1.26%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	59.95	60.65 58.71	1.26 2.15%
SUGAR #11 WORLD	14.85	15.05 14.35	0.41 2.84%