Rs3.6B worth Luck’s Shares Traded in Single Day
Staff Report
After share split, nearly 10 million shares of Lucky Cement (LUCK) exchanged hands on Monday at Pakistan Stock Exchange (PSX)— marking the highest daily volume in eight years
In terms of value, Rs3.6 billion worth of shares were traded on April 28, 2025, which is 10 times higher than the average daily trading value over the past 12 months.
This surge reflects efficient price discovery, driven by the timely share split — a smart move that has significantly boosted liquidity and investor participation.Cement industry in Pakistan posts Rs 18.4b profit
During the corporate briefing, regarding National Resources Limited (NRL) management commented that ongoing feasibility studies are at Chaghai, Baluchistan which is very close to Reko Diq mines. Company has conducted scout drilling where the initial signs are encouraging. Some further steps are remaining and results timeline is 3-4 years.
Commenting on Stock Split, LUCK management stated that purpose of split was to increase liquidity of the stock and make it more attractive for participants.
Wind power plant of 28.8MW came online in 2QFY25. After completion of this project, the total renewables capacity is close to 100MW for two local cement plants of the company. Wind, Solar and WHR are now fulfilling approximately 55% of power requirements on average.
LUCK is also installing Battery storage at Karachi plant which would complement the renewables capacity. Karachi plant is operating at 100% utilization due to higher exports and North plant is operating at 50% utilization.
Average coal prices for the company stood at Rs35k per ton in 3QFY25. South plant relied on mostly Imported coal and North plant used a mix of Afghan and Local coal. Usage of local coal was higher at North plant compared to Afghan coal.
Export prices from South plant stood at U$40/ton for Cement and US$30/ton for Clinker in 2QFY25. Export prices have improved in 3QFY25.
Foreign cement operations continued to show robust performance. In 9MFY25, in the consolidated accounts, Share of Profit from Associates stood at Rs12.9bn in 9MFY25 compared to Rs11.5bn in 9MFY24. Majority of these profits are from foreign cement operations.
LUCK Electric Power Company has maintained 100% plant availability in 3QFY25 and 9MFY25.
On unconsolidated basis, Other Income increased to Rs18.4bn in 9MFY25 compared to Rs9.0bn in 9MFY24. Increase has been due to Rs3.4bn dividend from Lucky Core Industries, Rs2.7bn dividend from Lucky Motors and Rs6.0bn from Lucky Electric and also due to higher finance income from short term investments.
Regarding upcoming royalty on cement bag prices in KPK, management commented that there are legal issues to linking royalty with bag prices. Royalty is a provincial subject and linking it with bag prices would turn it into a federal matter. Raw material linkage with bag price would increase price higher than fair value of minerals.
LUCK is currently trading at a FY26F and FY27F P/E of 5.8x and 5.1x compared to last ten-year average PE of 10.0x.