Inside Financial Markets

Fauji Cement demands to increase their quota in next APCMA meeting – Sources

Fauji-Cement-300x151Fauji Cement demands to increase their quota in next APCMA meeting – Sources

After completion of the acquisition of Askari Cement, Fauji cement is all set to go into the APCMA demanding an increase in their quota for sale of cement. Sources said that FCCL plant is running at 70% capacity and after the increase in their quota the capacity utilization will go up to 100% which will have a two fold increase impact on their earnings per share which will jump to estimate of PKR 2.00 per share. Fauji Cement will lead the way in cement industry to offer a lucrative dividend yield of 10%. 

Sanie Khan

Sanie Khan holds a deep knowledge of the financial markets in Pakistan. Based in Karachi, he has over 20 years of hands-on management experience in financial technologies and managing operations in the financial sector. He was the General Manager at the Pakistan Stock Exchange (PSX) for 17 years. He along-with senior members of Exchange

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Inside Financial Markets was a joint publication of Pakistan Stock Exchange (PSX)and Society of Technical Analysts Pakistan (STAP)