Equity Analysis /
Pakistan

Pakistan: Cement prices have surpassed expectations, and more hikes are likely

  • As per our channel checks, cement prices in the North region have increased by PKR10/bag to a new high of c.PKR660/bag.

  • Cement prices in North and South are expected to increase to PKR700/PKR720 per by the end of FY22.

  • The most sensitive companies to cement prices are PIOC, DGKC, CHCC and FCCL.

Intermarket Securities
4 August 2021