Inside Financial Markets

GIDC driven urea price reversed

ureaGIDC driven urea price reversed

GIDC driven urea prices reversed . Govt and fertilizer manufacturers on friday agreed to reduce urea price to Rs 1786 per 20 kg bag with imedite effects. Nevertheless, this news flow is certainly negative for urea producers in general where it will negatively impact earnings of FFC (9-15% of 2014E EPS), ENGRO (13-23% of 2014E EPS) and FFBL (3-5% of 2014E EPS) from our base case. In case of FATIMA, though the previous higher urea price hike of Rs178/bag compared to only Rs64/bag now is a bit negative, but still the company will be able to bag additional profits from our base case i.e. (4% of 2014E EPS).


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

Add comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

The Canadian Securities Institute


CSI is part of Moody's Analytics Learning Solutions, which offers educational programs and credentials throughout the world.

Email Newsletter

Subscribe to receive inspiration, news, and ideas in your inbox.

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