What SmartSarmaya is

Who it is for

Pakistani retail investors, mostly people holding somewhere between a few thousand and a few million rupees of PSX stock in a Roshan Digital or local brokerage account. It is aimed at the investor who wants to understand a company before buying it, who cares whether the stock is Shariah compliant, and who is willing to read a page of reasoning rather than act on a one-line tip.

It is not built for day traders. The indicators are computed from daily closing prices, so nothing here is fast enough for intraday work.

How the Shariah screening actually works

This is the part that matters most, so it is worth being precise about it.

Shariah status on this site comes from exactly one source: the KMI All Shares Islamic Index published by the Pakistan Stock Exchange. A company carries the Shariah verified badge here if, and only if, the exchange lists it as a constituent of that index. When the exchange adds or removes a company, the badge on this site follows.

The AI never decides what is Shariah compliant. It is not asked to. Before the model sees anything, the candidate list is filtered down to KMI constituents only, so the model is choosing among stocks the exchange has already screened. If the model were to name a company outside that list, the pick is discarded before it is saved. The compliance decision sits with the exchange and the scholars who advise its index methodology, not with a language model and not with us.

Two honest caveats. Index membership is reviewed periodically, so a company can pass a screen and later fail one. And index membership is a screen, not a personal ruling. If a specific holding matters to you religiously, ask a qualified scholar. We are not one.

Where the data comes from

• Prices and market data. The PSX Data Portal at dps.psx.com.pk. That covers closing prices, open, high, low, volume and index levels, plus announced dividends with their book closure dates and the AGM and EOGM calendar. This data can be delayed, so treat every price on the site as indicative and confirm with your broker before you trade.
• Shariah status. The KMI All Shares Islamic Index constituent list published by the Pakistan Stock Exchange, and nothing else.
• Technical indicators. Computed here from roughly five years of exchange closing prices. That includes RSI over 14 periods, the 20, 50 and 200 day simple moving averages, the 52 week high and low with the current position inside that range, realised volatility, and support and resistance levels.
• The AI models. Groq running Llama, with Google Gemini as the fallback when Groq is unavailable. Both are used on their free tiers, which is part of how the site stays free.

How it works, step by step

1. 1. The universe is filtered first. Candidates are cut down to constituents of the KMI All Shares Islamic Index before anything else happens.
2. 2. Real numbers are attached. Each candidate carries its latest price, RSI, moving averages, 52 week position and volume, all computed in code from exchange closing prices.
3. 3. The model ranks and explains. It picks among the candidates it was given and writes the reasoning. It is not asked to recall a price, a ticker or a compliance status from memory.
4. 4. Invented tickers are thrown away. Any symbol the model returns that is not in the supplied list is dropped before anything is saved.
5. 5. Prices come from the database. Entry prices, buy zones and targets are calculated from stored data, never copied from the model output, so a hallucinated number cannot reach the page.
6. 6. Everything is recorded. Each pick is logged on the day it is made and tracked from there, whatever happens next.

What we deliberately do not do

• We do not give personal investment advice. Nothing here is tailored to your income, your goals or your risk tolerance, because we know none of those things.
• We do not issue religious rulings. The badge reports index membership. It is not a fatwa.
• We are not a broker and we cannot place trades. We are not registered with the SECP as an investment adviser.
• We do not run a paid tier, a signal group, a Telegram channel or a WhatsApp subscription, and we do not take payment to feature a stock.
• We do not store anything about you. There are no accounts, and portfolio holdings you type into the audit tool are used for that one request and then discarded.

Limitations, stated honestly

• Support and resistance are approximations. They are swing levels derived from daily closing prices, not intraday pivots. Real intraday highs and lows can sit well outside them.
• Data can be delayed or wrong. Prices come from the exchange portal and may lag the live market or arrive incomplete after a feed problem. Corporate actions such as splits and bonus issues can distort a history before it is adjusted.
• The analysis is mostly technical. We do not read financial statements line by line, model earnings, or judge management quality. A chart cannot tell you a company is about to lose its biggest customer.
• AI writing can be confidently wrong. The numbers are pinned to the database, but the narrative around them is generated text and can misread a situation or overstate a case.
• The track record is a short sample. A handful of picks over a few months proves very little either way, and returns there ignore brokerage, CDC charges and taxes.
• PSX is a thin market. Some listed companies trade rarely. A signal on a stock with almost no volume is close to meaningless, and you may not be able to exit at the price you see.

Free, and how it is funded

Everything on SmartSarmaya is free to use. The site is paid for by Google AdSense advertising, which is why you see ad slots on some pages. We do not accept payment from listed companies, brokers or fund managers to cover a stock, and no advertiser has any say in what the picks are. If that ever changes it will be stated on this page first.

Questions, or a data error you want fixed? Write to info@smartsarmaya.com or see the contact page. The privacy policy and terms of service set out the rest.

Common questions

How do you decide which PSX stocks are Shariah compliant?

Shariah status comes from the KMI All Shares Islamic Index published by the Pakistan Stock Exchange. A stock is labelled Shariah compliant (halal) only if the exchange lists it as a constituent. The AI is never asked to make that judgement, and it can only choose among stocks that already passed the screen.

Is SmartSarmaya free?

Yes. Portfolio audits, stock analysis, Shariah-compliant picks and the daily market brief are all free, with no account or registration. The site is supported by advertising.

Do you store my portfolio?

No. Holdings you enter are used to compute the audit in that request and are never written to a database or associated with you.

Where does the market data come from?

Prices, index levels, dividend announcements and corporate calendars come from the Pakistan Stock Exchange data portal. Technical indicators are calculated from five years of exchange closing prices. Data may be delayed.

Is this financial advice?

No. SmartSarmaya is an educational research tool. Nothing on it is a recommendation to buy or sell, and nothing on it is a religious ruling. Consult a licensed adviser and a qualified scholar for your own circumstances.