Breaking News

Textile Sector Poised For 14% Profit Jump In Fourth Quarter

Islamabad: The Pakistani textile industry is expected to witness a 14% year-on-year increase in profitability during the fourth quarter of fiscal year 2025, primarily driven by a surge in exports, according to AKD Securities.

AKD’s analysis of the textile sector anticipates improved financial performance for several key players. Specifically, Nishat Mills Limited (NML) and Nishat Chunian Limited (NCL) are projected to post earnings per share (EPS) of PkR4.45 and PkR3.06, respectively, demonstrating growth compared to the same period last year.

The brokerage firm maintains its ‘BUY’ recommendations for International Industries Limited (ILP), NML, and NCL. Target prices for December 2025 are set at PkR104 per share for ILP, PkR187 for NML, and PkR64 for NCL.

Check Also

Pakistan Stock Exchange Witnesses Bullish Trend

Islamabad: Pakistan Stock Exchange (PSX) continues to witness a bullish trend during the trading today, showing an increase of over eighteen hundred and sixty points in the Hundred Index. According to Radio Pakistan, the Hundred Index that closed at ...