Waves Corporation Limited (WAVES)
CABLE & ELECTRICAL GOODS
8.90
0.04 (+0.45%)
Updated 13 hours ago
52-week range
Yes, WAVES is Shariah compliant. Waves Corporation Limited is a constituent of the KMI All Shares Islamic Index published by the Pakistan Stock Exchange. It last traded at 8.90 PKR, up +0.45% on the day, in the CABLE & ELECTRICAL GOODS sector.
AI analysis
WatchRefreshed 3 days agoWAVES trades sideways below key averages amid weak quarterly performance
Waves Corporation Limited supplies cable and electrical goods. The stock is trading below its 50‑ and 200‑day averages and has slipped sharply over the past year, currently near the lower end of its 52‑week range.
Bull case
A sustained export‑driven growth in Pakistan could lift demand for electrical infrastructure, supporting the company’s revenue and potentially lifting the share price above its moving averages.
Bear case
Persisting weak momentum, the stock’s position near the bottom of its 52‑week range and continued decline over the past year raise concerns that the price may remain suppressed or fall further.
Today
| Open | 8.95 |
|---|---|
| Day high | 9.04 |
| Day low | 8.85 |
| Previous close | 8.86 |
| Volume | 1.5M |
| 30-day average volume | 1.2M |
Technicals
| RSI (14) | 43.1 |
|---|---|
| 20-day average | 8.95 |
| 50-day average | 9.62 |
| 200-day average | 11.01 |
| Support | 8.78 |
| Resistance | 8.97 |
| Daily volatility | 1.9% |
Trend: Strong downtrend
What these numbers meanPerformance
| 1 week | +1.50% |
|---|---|
| 1 month | -0.80% |
| 3 months | -13.50% |
| 1 year | -21.40% |
Is WAVES Shariah compliant?
Waves Corporation 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 CABLE & ELECTRICAL GOODS 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.