Ittefaq Iron Industries Limited (ITTEFAQ)
ENGINEERING
8.20
0.16 (+1.99%)
Updated 2 days ago
52-week range
Yes, ITTEFAQ is Shariah compliant. Ittefaq Iron Industries Limited is a constituent of the KMI All Shares Islamic Index published by the Pakistan Stock Exchange. It last traded at 8.20 PKR, up +1.99% on the day, in the ENGINEERING sector.
AI analysis
WatchRefreshed 3 days agoIttefaq Iron Industries faces continued downside pressure amid weak trend
Ittefaq Iron Industries Limited operates in the engineering sector, producing iron and steel products. The shares are trading below key moving averages and have been on a sustained downtrend, reflecting broader market softness.
Bull case
A shift in commodity demand or a turnaround in the steel market could lift the stock, especially if the company secures new contracts or benefits from supportive policy measures aimed at boosting exports.
Bear case
Persisting weak demand, high input costs, and the current downtrend increase the risk of further declines, while the company remains below both short‑ and long‑term averages.
Today
| Open | 8.11 |
|---|---|
| Day high | 8.48 |
| Day low | 8.10 |
| Previous close | 8.04 |
| Volume | 513.1K |
| 30-day average volume | 369.8K |
Technicals
| RSI (14) | 55.9 |
|---|---|
| 20-day average | 7.97 |
| 50-day average | 8.28 |
| 200-day average | 8.49 |
| Support | 8.11 |
| Resistance | 8.24 |
| Daily volatility | 2.2% |
Trend: Sideways
What these numbers meanPerformance
| 1 week | +7.20% |
|---|---|
| 1 month | +5.30% |
| 3 months | -10.30% |
| 1 year | -11.70% |
Upcoming
- AGM on 2026-10-26
Is ITTEFAQ Shariah compliant?
Ittefaq Iron Industries 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.
Other ENGINEERING 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.