Pioneer Cement | Cement Sector gaining momentum

PIOC | Pioneer Cement Ltd (Q2 - Dec 2024), posted a profit of Rs. 7.7 per share for the latest quarter ending December 2024 and declared a cash dividend of Rs. 5 per share.

This brings the net income of PIOC to a total of Rs. 23.4 per share for the last four quarters, while the total cash distribution over the same period was Rs. 15 per share.

The EPS in the latest quarter is 32.9%, higher than the average of the previous four quarters.

In the last five quarters, no quarter resulted in a loss.

The Revenue in the latest quarter increased by 3% over the average of the previous four quarters.

The gross profit in the latest quarter increased by 29% over the average of the previous four quarters.

Gross profit margin for the quarter was 41%, compared to an average of 33% over the previous four quarters. There was also a substantial drop in the financial charges. See the Key financials attached.

Tax rate for the quarter was 39.3%, compared to an average of 38.1% over the previous four quarters.

Indices Weighting:
KSE100 Index - Low
KSE30 Index - Low

KMI30, Low.

As of the week ending 21 February 2025, PIOC has lagged behind the KSE100 by 8% over the past three months and by 10% over the past year.

https://dps.psx.com.pk/download/document/248619.pdf

Brent Crude Logs Biggest Weekly Drop Since September on Weak Demand, Easing Tensions

Oil prices were under pressure this week. Brent crude oil futures fell 1.9% to $73 per barrel on Friday, registering the biggest weekly loss since early September, with prices dropping over 7%. The decline was attributed to weaker demand forecasts from OPEC and the International Energy Agency (IEA), slowing economic growth in China, and signs of easing geopolitical tensions in the Middle East. Both OPEC and the IEA revised down their demand forecasts for 2024 and 2025. China's refinery output declined for the sixth consecutive month, impacted by weak fuel demand and the growing adoption of electric vehicles (EVs). Meanwhile, U.S. crude oil production reached a new record last week. Although a drawdown in U.S. crude inventories and stronger-than-expected retail sales in September provided some support to oil prices, easing concerns about a broader conflict in the Middle East exerted additional downward pressure on the market.

A Snapshot of Exchange Traded Funds at PSX

PSX Strongly Rebounds

The Pakistan Stock Exchange (PSX) reacted positively to the conclusion of the IMF staff-level agreement and has now recovered a substantial part of the losses sustained on Monday. Today, out of the 1,139-point gain in the KSE-100 Index, around 800 points were contributed by UBL, OGDC, PPL, and Meezan Bank.

PakStox Outlook

Search This Blog