Merit Packaging Limited (MERIT)
PAPER, BOARD & PACKAGING
9.09
0.19 (+2.14%)
Updated 2 days ago
52-week range
Yes, MERIT is Shariah compliant. Merit Packaging Limited is a constituent of the KMI All Shares Islamic Index published by the Pakistan Stock Exchange. It last traded at 9.09 PKR, up +2.14% on the day, in the PAPER, BOARD & PACKAGING sector.
AI analysis
WatchRefreshed 3 days agoMerit Packaging Faces Downtrend Amid Broader Market Gains
Merit Packaging Limited, a key player in the paper, board and packaging sector, is currently trading below its 50‑ and 200‑day moving averages, reflecting a sustained downtrend. The stock has declined over the past year and sits near the lower third of its 52‑week range, while volume remains moderate.
Bull case
If the company can secure new contracts or benefit from a rebound in packaging demand, and if the broader market supports a turnaround, the stock could regain momentum and move above its moving averages.
Bear case
Persisting weak demand, continued downward pressure on prices, and the risk of further earnings deterioration could push the share lower, especially if the market remains volatile.
Today
| Open | 8.90 |
|---|---|
| Day high | 9.35 |
| Day low | 8.79 |
| Previous close | 8.90 |
| Volume | 181.1K |
| 30-day average volume | 154K |
Technicals
| RSI (14) | 45.1 |
|---|---|
| 20-day average | 9.24 |
| 50-day average | 9.63 |
| 200-day average | 10.16 |
| Support | 9.00 |
| Resistance | 9.16 |
| Daily volatility | 2.1% |
Trend: Strong downtrend
What these numbers meanPerformance
| 1 week | +1.10% |
|---|---|
| 1 month | -6.50% |
| 3 months | -7.00% |
| 1 year | -28.40% |
Upcoming
- AGM on 2026-10-20
- AGM on 2026-10-22
- AGM on 2026-10-28
Is MERIT Shariah compliant?
Merit Packaging 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 PAPER, BOARD & PACKAGING 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.