First Punjab Modaraba (FPJM)
MODARABAS
20.05
-0.53 (-2.57%)
Updated 2 days ago
52-week range
Yes, FPJM is Shariah compliant. First Punjab Modaraba is a constituent of the KMI All Shares Islamic Index published by the Pakistan Stock Exchange. It last traded at 20.05 PKR, down +2.57% on the day, in the MODARABAS sector.
AI analysis
HoldRefreshed 3 days agoFirst Punjab Modaraba trades in a downtrend yet remains above long‑term average
First Punjab Modaraba offers Shariah‑compliant investment products and operates as a financial intermediary. The shares are currently in a downtrend, trading below the 50‑day moving average but still above the 200‑day average, with moderate volatility.
Bull case
A sustained recovery in Pakistan’s export‑driven growth and supportive policy measures could lift investor sentiment and improve the modaraba’s asset base, pushing the stock back above the 50‑day average and into higher support zones.
Bear case
Continued weakness in the broader market, liquidity constraints, or a slowdown in export growth could keep the shares below the 50‑day average, increasing downside risk and widening the gap to the 200‑day average.
Today
| Open | 20.60 |
|---|---|
| Day high | 21.15 |
| Day low | 19.90 |
| Previous close | 20.58 |
| Volume | 498.3K |
| 30-day average volume | 4.2M |
Technicals
| RSI (14) | 45.4 |
|---|---|
| 20-day average | 23.99 |
| 50-day average | 20.40 |
| 200-day average | 11.06 |
| Support | 19.78 |
| Resistance | 20.58 |
| Daily volatility | 8.7% |
Trend: Downtrend
What these numbers meanPerformance
| 1 week | -3.10% |
|---|---|
| 1 month | -10.80% |
| 3 months | +81.60% |
| 1 year | +213.30% |
Is FPJM Shariah compliant?
First Punjab 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.