First Al-Noor Modaraba (FANM)
MODARABAS
10.26
-0.11 (-1.06%)
Updated 20 hours ago
52-week range
Yes, FANM is Shariah compliant. First Al-Noor Modaraba is a constituent of the KMI All Shares Islamic Index published by the Pakistan Stock Exchange. It last traded at 10.26 PKR, down +1.06% on the day, in the MODARABAS sector.
AI analysis
HoldRefreshed 3 days agoFirst Al-Noor Modaraba Maintains Strong Uptrend Amid Positive Momentum
First Al-Noor Modaraba is a Shariah‑compliant modaraba listed on the PSX. The stock has been in a robust uptrend, trading above both its 50‑ and 200‑day moving averages, and has posted solid gains over the past year.
Bull case
If the modaraba continues to benefit from Pakistan’s export‑driven growth and structural reforms, the stock could sustain its upward trajectory. Strong liquidity and a healthy RSI suggest room for further upside before approaching overbought territory.
Bear case
Market volatility or a slowdown in export demand could pressure the share price, especially if macro‑economic conditions deteriorate. The upcoming ARM could also introduce uncertainty if the terms are less favorable than market expectations.
Today
| Open | 10.30 |
|---|---|
| Day high | 10.98 |
| Day low | 10.20 |
| Previous close | 10.37 |
| Volume | 272.7K |
| 30-day average volume | 316.1K |
Technicals
| RSI (14) | 58.6 |
|---|---|
| 20-day average | 9.78 |
| 50-day average | 9.48 |
| 200-day average | 7.49 |
| Support | 10.09 |
| Resistance | 10.37 |
| Daily volatility | 3.3% |
Trend: Strong uptrend
What these numbers meanPerformance
| 1 week | +11.20% |
|---|---|
| 1 month | +12.10% |
| 3 months | +38.60% |
| 1 year | +29.10% |
Upcoming
- ARM on 2026-10-21
Is FANM Shariah compliant?
First Al-Noor Modaraba 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 MODARABAS 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.