Engro Fertilizers Limited (PSX: EFERT) has crossed the $1 billion mark in market capitalization, buoyed by a recent surge in the stock market, according to a market review by AKD Securities Limited on Friday.

The company’s urea sales soared by 34 percent year-on-year to 208,000 tons, driven by a low base effect from last year’s plant turnaround and attractive discount offers during the period. This strong performance helped EFERT reclaim a 36 percent market share, up from 32 percent in the same period last year.

However, EFERT’s DAP offtakes saw a sharp decline of 62 percent year-on-year, as increased availability of locally produced DAP eroded its market share to 10 percent, down from 25 percent in the corresponding period last year.

At the close of trading on Friday, EFERT’s share price stood at Rs. 209.7, up 1 percent or Rs. 2.07, with 2.05 million shares changing hands.