Karachi Stock Exchange · Pakistan · Updated after 23 Oct 2026 close

Synthetic Products Enterprises

SPEL · Karachi Stock Exchange · prices in PKR

PKR 41.86▲ +3.81 (10.01%)

Research report Historical data

Market X-Ray · price-based

Weak price profile

Ranks #331 of 494 on the Karachi Stock Exchange · 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.

TrendWeak

40/100

Below its long-term averages and far from its highs.

See the numbers →

Above 200-day average-7.4%

From 52-week high-33.9%

MomentumWeak

40/100

Lagging most stocks on this exchange.

See the numbers →

3-month return-7.0%

6-month return-1.0%

12-month, skipping last month-31.4%

Stability (higher is calmer)Weak

34/100

Volatile, with deep drawdowns.

See the numbers →

Volatility, 1 year (lower is calmer)51.4%

Worst drawdown, 1 year (smaller is calmer)-53.0%

LiquidityFair

65/100

Moderate trading activity.

See the numbers →

Avg daily value traded15.53M PKR

Zero-volume days0.0%

IncomeWeak

44/100

Dividend is small or irregular.

See the numbers →

Dividend yield2.4%

Years with dividends5

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.

Price trend

Below its 200-day average

Versus its 50- and 200-day averages

52-week range

32.91 – 67.30

Price is 26% of the way up

Returns

−7.0% 3m · −32.0% 1y

Price returns, dividends not included

RSI (14)

Neutral zone

Latest results

Announced 23 Oct 2026 · Quarter ended 30 Sep 2026

The company announced results to the Pakistan Stock Exchange on 23 Oct 2026. We are reading the announcement; the figures appear here once they pass our checks.

Fair value estimate · limited data

PKR 49.13range of models 47.73 – 50.39

Fair +17.4% to fair value

Average of the 3 valuation models that pass our checks. Undervalued or Overvalued means the gap to fair value is more than 17.5%. Model uncertainty is High.

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/E multiple

PKR 50.39

P/S multiple

PKR 49.27

P/E on average earnings

PKR 47.73

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: 5.99, 6.60, 3.36, 2.47. 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 SPEL

Each factor is rated by where SPEL stands among the 10 stocks of its PSX sector (Paper, Board & Packaging; 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.

Against its own history

The last columns set the latest year's profit margin against the company's own three earlier years:

▲ Betterbetter than its usual level

▼ Worseworse than its usual level

≈ In linewithin its usual range

For valuation factors Good means cheaper than most of the group, which is not the same as a bargain.

In total: 3 Good · 6 Average · 3 Bad of 12 Growth: 2 · 1 · 1 Profitability: 1 · 0 · 0 Valuation: 0 · 2 · 0 Price risk and momentum: 0 · 1 · 2 Liquidity: 0 · 2 · 0

Factor	SPEL	Rating	Group median	Own earlier years	Against own history
Growth
Sales growth, last financial year	−2.3%	Bad beats 28%	+7.7%	–	–
Sales growth, 3 years a year	+13.5%	Good beats 68%	+7.7%	–	–
Profit growth, last financial year	−9.3%	Average beats 38%	+6.1%	–	–
EPS growth, 3 years a year	+34.4%	Good beats 76%	+10.0%	–	–
Profitability
Net profit margin	12.1%	Good beats 77%	4.1%	9.2%	▲ Better
Valuation
P/E ratio (last 12 months)	7.0x	Average beats 65%	9.1x	–	–
Price / sales	0.9x	Average beats 44%	0.7x	–	–
Price risk and momentum
Volatility, 1 year	51.4%	Average beats 50%	51.5%	–	–
Worst drawdown, 1 year	−53.0%	Bad beats 20%	−42.5%	–	–
12-month return, skipping the last month	−31.4%	Bad beats 13%	−2.9%	–	–
Liquidity
Average daily value traded	PKR 15.5M	Average beats 66%	PKR 5.1M	–	–
Days with no trading	0.0%	Average beats 51%	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

Interactive chart Historical data & CSV

52-wk range 32.91 – 67.30 Daily closes, split-adjusted

Signals

50-day average41.96

200-day average45.22

Golden/death cross (60d)Death, 29 days ago

New 52-week highNo

Bullish RSI divergenceNo

Average daily range (ATR)1.38

Technical summary

Daily

Bearish

6 bullish · 1 neutral · 9 bearish

Weekly

Strongly bearish

2 bullish · 1 neutral · 9 bearish

Monthly

Bearish

2 bullish · 1 neutral · 5 bearish

Moving averages (daily)

SMA 10	39.57	Bullish
EMA 10	39.80	Bullish
SMA 20	39.94	Bullish
EMA 20	40.13	Bullish
SMA 50	41.96	Bearish
EMA 50	41.84	Bullish
SMA 100	45.48	Bearish
EMA 100	43.55	Bearish
SMA 200	45.22	Bearish
EMA 200	45.20	Bearish

Oscillators (daily)

RSI (14)	57.70	Neutral
MACD (12, 26)	-0.64	Bearish
Momentum (12)	4.62	Bullish
Stochastic %K (14)	100.0	Bearish
Williams %R (14)	0.00	Bearish
CCI (20)	105.1	Bearish

Pivot points (classic, last session)

37.96

38.74

40.30

Pivot

41.08

42.64

43.42

44.98

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.

Dividends

Paid, last 12 months

1.00 PKR

Yield on today's price

2.39%

Frequency

Semi-annual

Next ex-dividend date

Not announced

Tap a dividend date to compare the dividend yield on that day with today's.

Ex-dividend date	Amount per share
	0.5000
This payment: 0.5000 PKR per share, ex-dividend 2 Oct 2026. On 2 Oct 2026 2.49% Share price that day 40.19 PKR. Dividends in the 12 months up to that day: 1.00 PKR (0.5000 + 0.5000). Today, latest close 23 Oct 2026 2.39% Share price 41.86 PKR. Dividends in the last 12 months: 1.00 PKR (0.5000 + 0.5000). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	0.5000
This payment: 0.5000 PKR per share, ex-dividend 24 Feb 2026. On 24 Feb 2026 2.89% Share price that day 41.54 PKR. Dividends in the 12 months up to that day: 1.20 PKR (0.5000 + 0.4000 + 0.3000). Today, latest close 23 Oct 2026 2.39% Share price 41.86 PKR. Dividends in the last 12 months: 1.00 PKR (0.5000 + 0.5000). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	0.4000
This payment: 0.4000 PKR per share, ex-dividend 22 Sep 2025. On 22 Sep 2025 2.55% Share price that day 70.60 PKR. Dividends in the 12 months up to that day: 1.80 PKR (0.4000 + 0.3000 + 0.3000 + 0.8000). Today, latest close 23 Oct 2026 2.39% Share price 41.86 PKR. Dividends in the last 12 months: 1.00 PKR (0.5000 + 0.5000). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	0.3000
This payment: 0.3000 PKR per share, ex-dividend 5 May 2025. On 5 May 2025 3.45% Share price that day 40.63 PKR. Dividends in the 12 months up to that day: 1.40 PKR (0.3000 + 0.3000 + 0.8000). Today, latest close 23 Oct 2026 2.39% Share price 41.86 PKR. Dividends in the last 12 months: 1.00 PKR (0.5000 + 0.5000). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	0.3000
This payment: 0.3000 PKR per share, ex-dividend 14 Feb 2025. On 14 Feb 2025 2.66% Share price that day 41.33 PKR. Dividends in the 12 months up to that day: 1.10 PKR (0.3000 + 0.8000). Today, latest close 23 Oct 2026 2.39% Share price 41.86 PKR. Dividends in the last 12 months: 1.00 PKR (0.5000 + 0.5000). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	0.8000
This payment: 0.8000 PKR per share, ex-dividend 17 Oct 2024. On 17 Oct 2024 2.07% Share price that day 38.72 PKR. Dividends in the 12 months up to that day: 0.8000 PKR. Today, latest close 23 Oct 2026 2.39% Share price 41.86 PKR. Dividends in the last 12 months: 1.00 PKR (0.5000 + 0.5000). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	0.5000
This payment: 0.5000 PKR per share, ex-dividend 18 Oct 2023. On 18 Oct 2023 10.24% Share price that day 12.21 PKR. Dividends in the 12 months up to that day: 1.25 PKR (0.5000 + 0.5000 + 0.2500). Today, latest close 23 Oct 2026 2.39% Share price 41.86 PKR. Dividends in the last 12 months: 1.00 PKR (0.5000 + 0.5000). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	0.5000
This payment: 0.5000 PKR per share, ex-dividend 5 Oct 2023. On 5 Oct 2023 6.48% Share price that day 11.58 PKR. Dividends in the 12 months up to that day: 0.7500 PKR (0.5000 + 0.2500). Today, latest close 23 Oct 2026 2.39% Share price 41.86 PKR. Dividends in the last 12 months: 1.00 PKR (0.5000 + 0.5000). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	0.2500
This payment: 0.2500 PKR per share, ex-dividend 27 Apr 2023. On 27 Apr 2023 2.26% Share price that day 11.08 PKR. Dividends in the 12 months up to that day: 0.2500 PKR. Today, latest close 23 Oct 2026 2.39% Share price 41.86 PKR. Dividends in the last 12 months: 1.00 PKR (0.5000 + 0.5000). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	0.2500
This payment: 0.2500 PKR per share, ex-dividend 27 Apr 2022. On 27 Apr 2022 6.44% Share price that day 16.14 PKR. Dividends in the 12 months up to that day: 1.04 PKR (0.2500 + 0.2500 + 0.5400). Today, latest close 23 Oct 2026 2.39% Share price 41.86 PKR. Dividends in the last 12 months: 1.00 PKR (0.5000 + 0.5000). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	0.2500
This payment: 0.2500 PKR per share, ex-dividend 9 Feb 2022. On 9 Feb 2022 4.56% Share price that day 17.32 PKR. Dividends in the 12 months up to that day: 0.7900 PKR (0.2500 + 0.5400). Today, latest close 23 Oct 2026 2.39% Share price 41.86 PKR. Dividends in the last 12 months: 1.00 PKR (0.5000 + 0.5000). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.
	0.5400
This payment: 0.5400 PKR per share, ex-dividend 18 Oct 2021. On 18 Oct 2021 1.44% Share price that day 37.51 PKR. Dividends in the 12 months up to that day: 0.5400 PKR. Today, latest close 23 Oct 2026 2.39% Share price 41.86 PKR. Dividends in the last 12 months: 1.00 PKR (0.5000 + 0.5000). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones.

Ex-dividend dates and amounts from EODHD. Shown as declared, before tax. For Pakistani companies a future date appears only once EODHD lists it as declared; the exchange's own list of book closures is on dps.psx.com.pk/payouts.

Prices are end-of-day closes in PKR. Educational only, not financial advice.