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Engro Corp earnings drop 34pc.

Maple Leaf Cement sees 13% increase in sales 28 April 2021 Pakistan’s Maple Leaf Cement has reported a 13 per cent rise in net sales to PKR26.1bn (US$168.29m) for the nine-month period ended 31 March 2021, up from PKR23.1bn in the year-ago period. Profit after tax also reached PKR5.52bn from a loss of PKR3.7bn in the 9MFY19-20. Clinker production declined 8.2 per cent YoY to 3.66Mt from 3.99Mt, while cement production slipped 7.6 per cent to 3.8Mt during the 9MFY20-21. Domestic sales were down 10.4 per cent to 3.55Mt from 3.97Mt, but exports surged 38.7 per cent YoY to 243,...

Business February 16, 2021 The capital market climbed 1.24 percent on Monday following fresh buying on positive vaccine developments, improving macroeconomic indicators and rising oil prices that spurred a rally in energy sector, dealers said. Topline Securities in its market note said, “International oil prices continued with their uptrend as WTI stood above $60/barrel. Taking cue from international oil prices, the E&P sector closed up 2.4 percent, Oil Marketing Companies (OMCs) closed up 2.0 percent, while the refinery sector closed up 0.8 percent.” Pakistan Stock Exchange (PSX) benchm...