Cement Sector: April-15 total dispatches up by 7%MoM: As per latest data, total dispatches in March’15 clocked in at 3.2mnT as against 3.0mnT as against same period last year reflecting an impressive growth of 7%MoM. Aforementioned expansion is mainly attributable to surge in exports by 41%MoM to 627 mnT (North +43%, South +39%). However, during the month local dispatches depicted a meager growth of 1%MoM owing to 7%MoM drop in sales from southern region.

Private sector continues to support local dispatches: In 10MFY15, local dispatches stood at 22.9mnT; up by 8%YoY. In this impressive growth, north players contributed the most as the region swelled by 8%YoY to 19mnT as compared to 17.6mnT in the corresponding period last year while, South region also depicted an increase of 6%YoY to 3.8mnT. This improvement in dispatches is mainly on the back of (i) robust demand from private sector due to massive influx of housing schemes and (ii) higher utilization of PSDP. On the other hand, total exports slumped by 9%YoY to 6.06mnT as compared to 6.69mnT same period last year. This decline in exports primarily owes to drop in sale of cement from Afghanistan region due to withdrawal of NATO forces causing low infrastructure activity.

CHCC, MLCF and DGKC holds top sales figure: Company wise breakup suggests that CHCC posted a growth of 13.8% (local 7.4%YoY) followed by MLCF 8.8%YoY (local 4.2%) and DGKC 2.62%YoY (local 6.9%YoY). However, on monthly basis FECTC, CHCC and DGKC witnessed a growth of 25.71%MoM (local 7.8%MoM), 24.4% MoM (local11.2%MoM) and 16%MoM (+11.3%MoM) respectively.

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