Saudi cement companies see 11% drop in sales
RIYADH: The total sales of 17 Saudi cement companies decreased 11 per cent in September on a year-on-year basis, to 4.1 million tonnes, Arab News reported.
The sales reached 4.6 million tonnes in September 2020, according to the data from Yamama Cement.
The majority, 12 companies, saw their local sales decreasing, led by Northern Cement with a dramatic 45 per cent year-on-year drop; followed by Al Jouf Cement, down 34 per cent and Umm Al-Qura (UACC) with a 28 per cent fall.
Bucking the downward trend were Riyadh Cement, where local sales increased 27 per cent; followed by Yamama Cement with an 18 per cent increase, Qassim Cement with 5 per cent and Arabian Cement went up 2 per cent.
The United Cement’s local sales remained unchanged at 141 million tonnes.
Pakistan stocks remain lacklustre; Index down 163 points
KARACHI: The Pakistan stocks remained range-bound on Tuesday with the lacklustre participation,...
PDWP approves projects worth Rs25.85 billion
LAHORE: The Punjab Provincial Development Working Party (PDWP) has approved three development...
Finnish Fund to acquire stake in TPL Insurance
KARACHI: The board of directors of TPL Insurance Limited received a draft...
TCP floats tender for strategic urea import
KARACHI: The Trading Corporation of Pakistan (TCP) on Tuesday floated an international...
International Steels earns profit of Rs2.66 billion
KARACHI: The International Steels Limited (ISL) has announced a net profit of...