Pakistan Stock Exchange (PSX) · Pakistan · Updated after 27 Oct 2026 close
First Al-Noor Modaraba
FANM · Pakistan Stock Exchange (PSX) · prices in PKR
PKR 9.350▼ -0.150 (1.58%)
About First Al-Noor Modaraba
First Al-Noor Modaraba is a perpetual, multi purpose modaraba managed by Al-Noor Modaraba Management (Private) Limited, and it provides Ijarah financing, Musharakah, Diminishing Musharakah, Musawamah, equity investment and other Shariah compliant trading activities from Karachi. A modaraba pools money from investors and puts it to work in Shariah compliant ventures, with a management company handling the operations in return for a fee.
First Al-Noor Modaraba trades under the code FANM on the Pakistan Stock Exchange (PSX), with its price quoted in Pakistani rupees (PKR). Our records, which start in 2019, show no dividend payments for it. The Market X-Ray on this page is price-based and compares it with other stocks on the same exchange; it does not measure how healthy the business is.
Market X-Ray · price-based
Fair price profile
Ranks #160 of 542 on the Pakistan Stock Exchange (PSX) · confidence High
What this score is, and is not
It describes how this stock has traded: trend, momentum, risk, liquidity and dividends, each ranked against the other stocks on its own exchange. It does not measure how healthy or cheap the business is. That fundamental X-Ray needs financial statements, which we do not have for Pakistan yet.
TrendStrong
87/100
Trading above its long-term averages and near its highs.
See the numbers →
Above 200-day average23.9%
From 52-week high-17.5%
MomentumStrong
83/100
Rising faster than most stocks on this exchange.
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3-month return29.7%
6-month return56.9%
12-month, skipping last month11.9%
Stability (higher is calmer)Weak
17/100
Volatile, with deep drawdowns.
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Volatility, 1 year (lower is calmer)74.9%
Worst drawdown, 1 year (smaller is calmer)-51.4%
LiquidityFair
50/100
Moderate trading activity.
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Avg daily value traded4.50M PKR
Zero-volume days0.0%
IncomeNone
–/100
Pays no dividend.
See the numbers →
Years with dividends0
Price-based X-Ray. The fundamental X-Ray (financial health, valuation, growth, fair value) is available for US stocks today. It will follow for Pakistan when fundamentals data for this market is added. All Pakistan stocks.
Latest results
Announced 26 Oct 2026 · Quarter ended 30 Sep 2026The company announced results to the Pakistan Stock Exchange on 26 Oct 2026. We are reading the announcement; the figures appear here once they pass our checks.
Fair value estimate · limited data
Data under review
Too few of our models give a usable value for this company, so we show no number rather than a misleading one.
PSX income statement only (no balance sheet or cash flow): only earnings and sales models can be built. Their weights were fitted to a professional consensus-style valuation of Pakistani stocks and checked on stocks that were not used for the fit, but they use no analyst forecasts. Treat this as a rough estimate.
P/S multiple
PKR 8.510
P/E on average earnings
PKR 8.580
Each model multiplies the company's trailing-twelve-month earnings (or sales) by a multiple that blends its own current multiple, its own history and its sector median. Earnings per share by fiscal year, newest first: -0.12, 0.10, 0.02, 0.02. Source: statements and price from the Pakistan Stock Exchange portal and end-of-day data. A model estimate, not a price target or advice. How it works.
Factor ratings for FANM
Each factor is rated by where FANM stands among the 19 stocks of its PSX sector (Modarabas; all PSX stocks when the sector is too small for a fair comparison).
Rating against the group
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
For valuation factors Good means cheaper than most of the group, which is not the same as a bargain.
In total: 0 Good · 5 Average · 1 Bad of 6
Growth: 0 · 0 · 1
Price risk and momentum: 0 · 3 · 0
Liquidity: 0 · 2 · 0
| Factor | FANM | Rating | Group median |
|---|---|---|---|
| Growth | |||
| Profit growth, last financial year | −216.0% | Bad beats 11% | −39.8% |
| Price risk and momentum | |||
| Volatility, 1 year | 74.9% | Average beats 50% | 74.9% |
| Worst drawdown, 1 year | −51.4% | Average beats 55% | −52.8% |
| 12-month return, skipping the last month | +11.9% | Average beats 55% | +9.9% |
| Liquidity | |||
| Average daily value traded | PKR 4.5M | Average beats 61% | PKR 3.3M |
| Days with no trading | 0.0% | Average beats 50% | 0.0% |
Built from the income-statement summary the Pakistan Stock Exchange publishes (sales, profit and EPS for up to four financial years, trailing P/E, market value) and our own end-of-day prices. The PSX portal has no balance sheet or cash flow, so there are no debt, cash-flow or book-value factors. A factor is left out when its data is missing or meaningless (for example a P/E on a loss). These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the Market X-Ray.
Price chart
52-wk range 4.250 – 12.300 Daily closes, split-adjusted
Signals
50-day average9.754
200-day average7.548
Golden/death cross (60d)Golden, 56 days ago
New 52-week highNo
Bullish RSI divergenceNo
Average daily range (ATR)0.690
Technical summary
Daily
Neutral
8 bullish · 1 neutral · 7 bearish
Weekly
Strongly bullish
9 bullish · 1 neutral · 2 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 9.80 | Bearish |
| EMA 10 | 9.73 | Bearish |
| SMA 20 | 9.80 | Bearish |
| EMA 20 | 9.77 | Bearish |
| SMA 50 | 9.75 | Bearish |
| EMA 50 | 9.48 | Bearish |
| SMA 100 | 8.66 | Bullish |
| EMA 100 | 8.81 | Bullish |
| SMA 200 | 7.55 | Bullish |
| EMA 200 | 7.97 | Bullish |
Oscillators (daily)
| RSI (14) | 42.03 | Neutral |
| MACD (12, 26) | 0.00 | Bullish |
| Momentum (12) | -6.31 | Bearish |
| Stochastic %K (14) | 6.86 | Bullish |
| Williams %R (14) | -93.14 | Bullish |
| CCI (20) | -114.0 | Bullish |
Pivot points (classic, last session)
S3 8.62 | S2 8.92 | S1 9.14 | Pivot 9.44 | R1 9.66 | R2 9.96 | R3 10.18 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Prices are end-of-day closes in PKR. Educational only, not financial advice.