Elahi Cotton Mills Limited (ELCM)
TEXTILE SPINNING
235.16
-4.81 (-2.00%)
Updated 2 days ago
52-week range
Yes, ELCM is Shariah compliant. Elahi Cotton Mills Limited is a constituent of the KMI All Shares Islamic Index published by the Pakistan Stock Exchange. It last traded at 235.16 PKR, down +2.00% on the day, in the TEXTILE SPINNING sector.
AI analysis
CautionRefreshed 17 hours agoELCM trades in a downtrend, hovering above 200‑day average amid modest momentum.
Elahi Cotton Mills Limited, a textile spinning company, is trading below its 50‑day moving average yet remains above the 200‑day average. The share price has slipped roughly sixteen percent over the past month, while the year‑to‑date performance is only slightly positive.
Bull case
If the company can stabilize its sales and benefit from the broader export‑growth narrative, the share price could find support near the 200‑day average and potentially resume an upward trend.
Bear case
Continued weakness in the textile sector, coupled with a sustained downtrend and a price that remains below the 50‑day average, poses a risk of further downside.
Today
| Open | 237.90 |
|---|---|
| Day high | 240.90 |
| Day low | 233.05 |
| Previous close | 239.97 |
| Volume | 206 |
| 30-day average volume | 3K |
Technicals
| RSI (14) | 45.3 |
|---|---|
| 20-day average | 256.26 |
| 50-day average | 235.50 |
| 200-day average | 209.45 |
| Support | 233.96 |
| Resistance | 236.91 |
| Daily volatility | 6% |
Trend: Downtrend
What these numbers meanPerformance
| 1 week | -3.20% |
|---|---|
| 1 month | -15.90% |
| 3 months | -0.40% |
| 1 year | +0.90% |
Upcoming
- AGM on 2026-10-26
Is ELCM Shariah compliant?
Elahi Cotton Mills 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.
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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.