Equity Analysis /
Pakistan

Pakistan Textiles – November 2021: Exports surge to a record high

  • Pakistan’s textile exports surged to a record high of c.US$1.7bn in November 2021, up c.35% yoy

  • Exports of the value-added segment increased by an average 30% yoy, led by Knitwear (up 40% yoy)

  • We reiterate our Overweight stance on the sector, preferring ILP (TP PKR115/sh) and GATM (TP PKR70/sh) as our top picks

Abdul Ghani Mianoor
Intermarket Securities
17 December 2021