Pharaon Investment weighs exit from Pakistan’s cement sector
MG News | December 18, 2024 at 03:36 PM GMT+05:00
December 18, 2024 (MLN): Pharaon Investment Group Limited (Holding) S.A.L, Lebanon, the parent company of Attock Cement Pakistan Limited (PSX: ACPL), has expressed its intention to re-evaluate its long-term strategic options concerning its investment in Pakistan's cement sector.
The aforesaid information was shared by ACPL through a notification to exchange.
It was also informed that no formal decision has been taken at this point.
The company will carefully consider various options including a potential sale with due consideration to appropriate pricing, timelines, and broader market conditions before taking a final decision.
"We have appointed Standard Chartered Bank as our international financial advisor to assist us in this strategic assessment," the notification reads.
The company also assured that once a thorough analysis of options is completed, a final decision will be made considering all the factors involved.
The company shall keep fully informed the local of any significant development.
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 138,412.25 167.69M | 0.32% 447.43 |
| ALLSHR | 85,702.96 423.92M | 0.15% 131.52 |
| KSE30 | 42,254.84 82.09M | 0.43% 180.24 |
| KMI30 | 194,109.59 84.37M | 0.15% 281.36 |
| KMIALLSHR | 56,713.67 217.03M | 0.03% 16.37 |
| BKTi | 37,831.34 13.04M | 1.62% 603.62 |
| OGTi | 27,440.63 3.93M | -0.09% -23.70 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 118,750.00 | 119,740.00 118,145.00 | 455.00 0.38% |
| BRENT CRUDE | 73.37 | 73.52 71.75 | 0.86 1.19% |
| RICHARDS BAY COAL MONTHLY | 96.50 | 0.00 0.00 | 2.20 2.33% |
| ROTTERDAM COAL MONTHLY | 104.50 | 104.50 104.50 | -0.30 -0.29% |
| USD RBD PALM OLEIN | 998.50 | 998.50 998.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 70.20 | 70.35 68.45 | 0.99 1.43% |
| SUGAR #11 WORLD | 16.49 | 16.58 16.37 | -0.10 -0.60% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|