Highnoon Laboratories Limited (HINOON)
PHARMACEUTICALS
916.29
-13.18 (-1.42%)
Updated 20 hours ago
52-week range
Yes, HINOON is Shariah compliant. Highnoon Laboratories Limited is a constituent of the KMI All Shares Islamic Index published by the Pakistan Stock Exchange. It last traded at 916.29 PKR, down +1.42% on the day, in the PHARMACEUTICALS sector.
AI analysis
WatchRefreshed 2 days agoHighnoon Labs: Downtrend persists amid weak momentum
Highnoon Laboratories Limited operates in the pharmaceutical sector, focusing on the development and manufacturing of generic and specialty drugs. The stock has been trading below its 50‑ and 200‑day moving averages and is in a strong downtrend, with recent gains muted and a 1‑year decline of nearly 20%.
Bull case
If the company can secure new product approvals, improve its earnings trajectory, and benefit from a supportive export‑driven economy, the stock could find support above its mid‑52‑week range. Strong regulatory approvals or a breakthrough in its pipeline would likely lift sentiment and help the price break out of the current downtrend.
Bear case
Continued weakness in earnings, competition, and a lack of catalysts could keep the stock below its long‑term averages. Low liquidity and a modest 30‑day volume mean that any downside could be amplified.
Today
| Open | 929.48 |
|---|---|
| Day high | 934.95 |
| Day low | 910.00 |
| Previous close | 929.47 |
| Volume | 5.2K |
| 30-day average volume | 8.4K |
Technicals
| RSI (14) | 37.7 |
|---|---|
| 20-day average | 932.66 |
| 50-day average | 950.05 |
| 200-day average | 968.59 |
| Support | 910.96 |
| Resistance | 921.48 |
| Daily volatility | 0.9% |
Trend: Strong downtrend
What these numbers meanPerformance
| 1 week | -1.20% |
|---|---|
| 1 month | -0.60% |
| 3 months | -5.40% |
| 1 year | -20.30% |
Is HINOON Shariah compliant?
Highnoon Laboratories 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.