Equity Analysis /

Pakistan Textiles – Record exports in December 2020!

  • Pakistan’s textile exports ended 2020 with an all-time record high of US$1.4bn in December

  • Despite the lockdowns in Europe, exports for the Knitwear, Home Textiles and Garments collectively rose 7% mom

  • We have an Overweight stance on the sector with Buy ratings on NML (TP of PKR132/sh) and ILP (TP of PKR80/sh)

Abdul Ghani Mianoor
Intermarket Securities
18 January 2021