Dear Clients,

KASB Securities hosted a Textile Conference Call today and invited managements of three of the leading listed companies; Kohinoor Textile Mills Limited (KTML), Nishat Mills Limited (NML) and Gul Ahmed Textile Mills Limited (GATM). A shared theme from all the three presentation was growth. All the three companies expect textile exports to grow and are adding capacity. The main challenge to the industry is from availability of cotton. The three managements also agreed that the current government policies are very favorable and hoped for consistency in these policies. Overall, the outlook for the sector was positive and we think the stocks are attractive.

Regards,
KASB Research