Fauji Cement

Fauji Cement is engaged in the manufacturing and marketing of cement.
  • TickerFCCL
  • ISINPK0074501013
  • ExchangePakistan Stock Exchange
  • SectorConstruction & Materials
  • CountryPakistan


Research Department


NEWS SUMMARY: COLONIAL, ENDESA, EUSKALTEL, FCC, SIEMENS GAMESA, TALGO, TELEFÓNICA. MARKETS YESTERDAY AND TODAY A mixed bag in Europe European markets rose with the solid US macro data. In the Euro Stoxx, the best-performing sectors were Telecoms and Personal Household Goods, compared to cyclical sectors more linked to raw materials like Basic Materials and Energy, which closed with losses. On the macro side, in the US the second reading of the 3Q’19 GDP was a positive surprise (2.1% QoQ vs. 1.9% previously) due to the larger contribution from private consumption and inventories. Preliminar...

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior

Team AKD Research

AKD STOCK SMART, Nov 22, 2019

StockSmart                        Weekly Review                                 A volatile week for the market where the KSE-100 index touched a low/high of 37,101.3/38,564.4pts closing at 37,926pts driven by expectations surrounding monetary policy with further assistance gained from release of current account position. To recall, the country posted US$99mn current account surplus in Oct’19 after a gap of more than four years (4MFY19: US$1.5bn vs. US$5.6bn in the corresponding period last year). Expectations of rate cut died soon as the latest TBill auction witnessed a marginal uptick in y...

Shahrukh Saleem

Pakistan Cement :FO generation is back in the game,(AKD Daliy, Nov 21,2019)

Domestic FO prices are falling in-line with global trends as IMO2020 imparts its magic, capping the allowed limit of sulfur in shipping fuels to 0.5% against previous limit of 3.5%, resulting in expected decline in global demand to 1.55mnbpd against 2.86mnbpd in CY19. This decline is causing a shift in power generation preferences where FO based power generation now stands cheaper than the grid while closely competing with natural gas. We opine, a continued decline in FO prices can allow power generation on FO to be cheaper than natural gas. For cement manufacturers, Punjab-based players can...

Research Department


NEWS SUMMARY: ENCE, FCC, LIBERBANK, MAPFRE. MARKETS YESTERDAY AND TODAY Consolidating levels Without relevant news on the trade talks and the euro’s appreciation left the European stock markets with slight losses despite the fact that the US hit new record highs. Within the Euro STOXX, Real Estate and Financial Services led gains, vs. the drops in cyclical sectors that had previously been the best performers, such as Auto and Basic Resources. On the macro side, in Europe, the Bundesbank expects the economy to stagnate in 4Q’19, although it deems that the risk of a recession is low, expecting...