Equity Analysis /

Pakistan Textiles: Export rise in Aug’22 amid normalized production

  • Latest Textile exports print of USD1.58bn indicates an 8% YoY growth, recovering from the mere 1% YoY increase in Jul’22

  • Pent-up production following resumption of gas to CPPs and lack of holidays led to the sequential increase in Aug’22

  • We have an Overweight stance on the sector, preferring ILP (TP PKR109/sh) and GATM (TP PKR61/sh) as our top picks

Abdul Ghani Mianoor
Intermarket Securities
15 September 2022


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