Pakistan’s DG Khan Cement up 1.7%; reports earnings

Pakistan’s DG Khan Cement up 1.7%; reports earnings

Pakistan's DG Khan Cement Company Limited (DGKC) has reported its earnings for the latest quarter, with the stock price surging by 1.7%. The company, a leading producer of clinker, low alkali cement, and ordinary Portland and sulphate resistant cement, operates through three segments: Cement, Paper, and Dairy. DGKC's earnings were driven by strong export sales to countries including Bangladesh, Madagascar, Tanzania, Qatar, Mexico, the United States of America, Sri Lanka, Afghanistan, and Rest of Africa [1].

The company's stock has been performing well over the past few months. According to the latest financial data, the 30-day, 90-day, 180-day, and 365-day performance of DGKC's stock are all positive, with support and resistance levels indicating a stable market trend [2]. The 10-day, 30-day, 60-day, and 200-day moving averages also reflect a steady upward trajectory for the stock.

DG Khan Cement Company Limited, incorporated in 1978, employs approximately 2,299 people and is listed on the Pakistan Stock Exchange under the ticker symbol DGKC [1]. The company's strong performance and export-driven business model have positioned it as a key player in the Pakistan materials industry.

References:
[1] https://stockanalysis.com/quote/psx/DGKC/
[2] https://www.investorslounge.com/stock-market/quotes/dgkc