Its really a happy moment for PSX market investors because the index is continuously going upside. I dont know why stock markets are up while crypto market is towards downside.
There are many sectors that have to go up including cements. This is the only sector which is still down and soon this sector will see a bullish momentum.
One of the main reason is that after the month of July the sale for cements will be increased because too many constructions will get started.
People in my country mostly wait for the extreme hotness to end and then to start their construction.
Most probably late in July and August the sale for this sector will increase which will help rise in the demand of cements.
The rise in demand will surely put positive impact on the cement prices and this sector will also rise in stock market.
Therefore, its my experience and thinking not any financial advice. All those investors who are waiting to buy shares, I will recommend to buy cement sectors which is now available at discounted price
What do you people think about this sector? will it be good to buy this sector at current prices? Will be glad to see your answers in the comment section.
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IMAGE TAKEN FROM CANVA
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Best Wishes.