Mehran Sugar Mills Limited (MRNS)
SUGAR & ALLIED INDUSTRIES
58.77
0.00 (0.00%)
Updated 20 hours ago
52-week range
Yes, MRNS is Shariah compliant. Mehran Sugar Mills Limited is a constituent of the KMI All Shares Islamic Index published by the Pakistan Stock Exchange. It last traded at 58.77 PKR, up 0.00% on the day, in the SUGAR & ALLIED INDUSTRIES sector.
AI analysis
WatchRefreshed 2 days agoMRNS trades sideways below key moving averages amid mixed market backdrop
Mehran Sugar Mills Limited, a Shariah‑compliant producer in the sugar sector, is currently trading in a sideways range and sits below both its 50‑ and 200‑day averages. The stock has shown modest gains over the past month but has declined over the longer term.
Bull case
If the company can leverage Pakistan’s export‑driven growth narrative and benefit from structural reforms, a shift above the 200‑day average could signal a new uptrend. Stronger commodity prices or improved operational efficiency would also support upside.
Bear case
Persisting below‑average price action, negative quarterly performance, and the lack of upcoming corporate actions leave the stock vulnerable to further downside. A failure to break out of the current range could keep the stock in a consolidation phase.
Today
| Open | 60.00 |
|---|---|
| Day high | 60.00 |
| Day low | 58.81 |
| Previous close | 58.77 |
| Volume | 1.1K |
| 30-day average volume | 18.5K |
Technicals
| RSI (14) | 44.2 |
|---|---|
| 20-day average | 60.44 |
| 50-day average | 61.11 |
| 200-day average | 64.97 |
| Support | 58.34 |
| Resistance | 59.11 |
| Daily volatility | 2.6% |
Trend: Strong downtrend
What these numbers meanPerformance
| 1 week | -2.80% |
|---|---|
| 1 month | +1.30% |
| 3 months | -5.30% |
| 1 year | -19.70% |
Is MRNS Shariah compliant?
Mehran Sugar Mills 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 SUGAR & ALLIED INDUSTRIES 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.