Biafo Industries Limited (BIFO)
CHEMICAL
106.09
0.42 (+0.40%)
Updated yesterday
52-week range
Yes, BIFO is Shariah compliant. Biafo Industries Limited is a constituent of the KMI All Shares Islamic Index published by the Pakistan Stock Exchange. It last traded at 106.09 PKR, up +0.40% on the day, in the CHEMICAL sector.
AI analysis
WatchRefreshed 18 hours agoBiafo Industries faces a sustained downtrend amid broader market volatility
Biafo Industries Limited, a chemical producer compliant with Shariah principles, continues to trade below both its 50‑ and 200‑day moving averages, reflecting a prolonged bearish bias. The stock remains in the lower quarter of its 52‑week range, with modest trading volume and moderate daily volatility.
Bull case
A reversal could materialize if the company delivers stronger-than-expected operational results or secures new contracts that lift demand for its chemical products, potentially supporting a breakout above key moving averages. Positive macro‑economic signals, such as export‑driven growth initiatives, may also provide tailwinds for the sector.
Bear case
Persisting downside risk is heightened by the current technical trend, low relative price position, and the upcoming AGM with a significant dividend payout that could trigger a price correction. Broader market uncertainty, including regional tensions, continues to weigh on investor sentiment.
Today
| Open | 106.50 |
|---|---|
| Day high | 108.76 |
| Day low | 105.00 |
| Previous close | 105.67 |
| Volume | 111.2K |
| 30-day average volume | 62.6K |
Technicals
| RSI (14) | 36.6 |
|---|---|
| 20-day average | 107.75 |
| 50-day average | 117.45 |
| 200-day average | 129.49 |
| Support | 105.11 |
| Resistance | 107.36 |
| Daily volatility | 1.5% |
Trend: Strong downtrend
What these numbers meanPerformance
| 1 week | +1.50% |
|---|---|
| 1 month | -7.80% |
| 3 months | -12.10% |
| 1 year | -36.90% |
Upcoming
- AGM on 2026-10-23
Is BIFO Shariah compliant?
Biafo Industries Limited is a constituent of the KMI All Shares Islamic Index, the Shariah-screened index published by the Pakistan Stock Exchange. On that basis it passes the exchange's Shariah screen. Index membership is reviewed periodically, and this page reflects the latest published list.
This is a description of index membership, not a religious ruling. Consult a qualified scholar for guidance on your own circumstances. How the screen works.
Other CHEMICAL stocks
SmartSarmaya is an educational research tool, not a licensed financial adviser and not a source of religious rulings. Shariah status reflects membership of the KMI All Shares Islamic Index published by the Pakistan Stock Exchange. Always do your own research.