First Elite Capital Modaraba (FECM)
MODARABAS
18.88
-0.76 (-3.87%)
Updated 3 hours ago
52-week range
Yes, FECM is Shariah compliant. First Elite Capital Modaraba is a constituent of the KMI All Shares Islamic Index published by the Pakistan Stock Exchange. It last traded at 18.88 PKR, down +3.87% on the day, in the MODARABAS sector.
AI analysis
CautionRefreshed 2 days agoFECM faces a challenging downtrend amid broader market gains
First Elite Capital Modaraba, a Shariah‑compliant modaraba, has been trading below both its 50‑ and 200‑day averages, reflecting a sustained decline. The stock remains in the lower segment of its 52‑week range with modest liquidity.
Bull case
If the modaraba can stabilize its earnings and the broader Pakistani market continues to rally, a reversal from the current downtrend could lift the share above key moving averages, supporting a more positive outlook.
Bear case
Persistent weakness in the modaraba’s performance, coupled with a strong downtrend and low relative strength, heightens the risk of further downside. Limited trading volume and a low position in the 52‑week range add to downside pressure.
Today
| Open | 19.27 |
|---|---|
| Day high | 19.30 |
| Day low | 17.86 |
| Previous close | 19.64 |
| Volume | 17.5K |
| 30-day average volume | 23.3K |
Technicals
| RSI (14) | 48.3 |
|---|---|
| 20-day average | 18.90 |
| 50-day average | 22.02 |
| 200-day average | 19.13 |
| Support | 19.30 |
| Resistance | 19.88 |
| Daily volatility | 4% |
Trend: Sideways
What these numbers meanPerformance
| 1 week | +9.40% |
|---|---|
| 1 month | -15.10% |
| 3 months | +15.20% |
| 1 year | -48.90% |
Upcoming
- ARM on 2026-10-28
Is FECM Shariah compliant?
First Elite Capital 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.