Faisal Spinning Mills Limited (FASM)
TEXTILE COMPOSITE
288.72
-21.28 (-6.86%)
Updated 2 days ago
52-week range
Yes, FASM is Shariah compliant. Faisal Spinning Mills Limited is a constituent of the KMI All Shares Islamic Index published by the Pakistan Stock Exchange. It last traded at 288.72 PKR, down +6.86% on the day, in the TEXTILE COMPOSITE sector.
AI analysis
WatchRefreshed 50 minutes agoFaisal Spinning Mills Limited remains in a downtrend, trading below key averages
Faisal Spinning Mills Limited is a textile composite company listed on the PSX. The stock is trading below its 50‑ and 200‑day moving averages and has been in a strong downtrend over the past year.
Bull case
If the company can reverse its declining trend through cost efficiencies or new export contracts, the stock could find support above its 50‑day average. A broader market rally in the textile sector would also help.
Bear case
The stock remains below both the 50‑ and 200‑day averages and has shown a 22% decline over the past year, indicating sustained weakness. A lack of improvement in export demand or further cost increases could deepen the downtrend.
Today
| Open | 323.85 |
|---|---|
| Day high | 323.85 |
| Day low | 283.01 |
| Previous close | 310.00 |
| Volume | 531 |
| 30-day average volume | 218 |
Technicals
| RSI (14) | 24.4 |
|---|---|
| 20-day average | 323.24 |
| 50-day average | 326.69 |
| 200-day average | 327.57 |
| Support | 288.72 |
| Resistance | 290.70 |
| Daily volatility | 2.3% |
Trend: Strong downtrend
What these numbers meanPerformance
| 1 week | -11.20% |
|---|---|
| 1 month | -3.80% |
| 3 months | -11.70% |
| 1 year | -22.00% |
Upcoming
- AGM on 2026-10-27
Is FASM Shariah compliant?
Faisal Spinning 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.