Mughal Iron & Steel Industries Limited (MUGHAL)
ENGINEERING
65.82
-0.07 (-0.11%)
Updated 2 days ago
52-week range
Yes, MUGHAL is Shariah compliant. Mughal Iron & Steel Industries Limited is a constituent of the KMI All Shares Islamic Index published by the Pakistan Stock Exchange. It last traded at 65.82 PKR, down +0.11% on the day, in the ENGINEERING sector.
AI analysis
CautionRefreshed 2 days agoMughal Iron & Steel faces bearish trend amid broader market rally
Mughal Iron & Steel Industries Limited, a Shariah‑compliant engineering firm, is trading well below its 50‑day and 200‑day moving averages and sits near the lower end of its 52‑week range. The stock shows a strong downtrend with an RSI of 30.9 and modest daily volatility.
Bull case
A turnaround would require a shift in market sentiment, stronger export‑driven growth in Pakistan, and a rebound in iron‑ore prices or improved operational efficiency for the company.
Bear case
Persistent bearish momentum, weak demand for steel, commodity price swings, and macroeconomic uncertainty pose significant risks, especially as the company heads into its AGM.
Today
| Open | 65.52 |
|---|---|
| Day high | 66.00 |
| Day low | 64.77 |
| Previous close | 65.89 |
| Volume | 426.8K |
| 30-day average volume | 528.2K |
Technicals
| RSI (14) | 30.6 |
|---|---|
| 20-day average | 68.42 |
| 50-day average | 73.46 |
| 200-day average | 80.00 |
| Support | 65.81 |
| Resistance | 66.33 |
| Daily volatility | 1.8% |
Trend: Strong downtrend
What these numbers meanPerformance
| 1 week | -2.80% |
|---|---|
| 1 month | -3.20% |
| 3 months | -19.90% |
| 1 year | -14.30% |
Upcoming
- AGM on 2026-10-28
Is MUGHAL Shariah compliant?
Mughal Iron & Steel 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.