PSX Company Profiles
What listed companies do, how they make money, key financials and Shariah status, researched by the PSX Investors Zone team.
150 companies
Automobile Parts & Accessories
• Atlas Battery Limited
Atlas Battery Limited (ATBA) is a Pakistan Stock Exchange-listed manufacturer of automotive and motorcycle batteries and related products. The company reported a loss after tax of Rs.370.69 million in FY2026, compared with a profit of Rs.91.21 million in FY2025. It subsequently reported a loss of Rs.336.13 million for the quarter ended September 30, 2026. ATBA was classified as Shariah-compliant in the PSX screening effective June 5, 2026. Investors should review its latest results, automotive-sector demand, margins and updated Shariah status before making investment decisions.
Packaging / Plastics Manufacturing
• Ecopack Limited
Ecopack Limited (PSX: ECOP) is a Pakistani manufacturer of PET bottles and preforms used in beverages and other liquid-packaging applications. For FY2026, the company reported net revenue of Rs. 6.514 billion, profit after tax of Rs. 414.880 million and EPS of Rs. 8.60. Although revenue declined compared with FY2025, profit after tax increased. Ecopack appeared as Shariah-compliant in the PSX-KMI All Share Islamic Index screening published in May 2026; however, its current status should be rechecked after subsequent screening updates. PSX also displays a Risk Warning Alert concerning continuing regulatory violations and possible trading suspension or delisting. Investors should consider this risk alongside the company’s financial performance.
Pharmaceuticals
Abbott Laboratories (Pakistan) Limited
Abbott Laboratories (Pakistan) Limited (PSX: ABOT) is a Pakistani pharmaceutical and healthcare company incorporated in 1948. Its business includes branded generic medicines, nutritional products, diagnostics, diabetes care, hospital products and consumer healthcare products. Explore its financial performance, dividend history, Shariah-screening status and key business risks before conducting further investment research.
Sugar & Allied Industries
Adam Sugar Mills Limited
Adam Sugar Mills Limited (ADAMS) is a Pakistan Stock Exchange-listed company engaged in manufacturing and selling white sugar. Incorporated in 1965, the company operates a sugar mill in Chishtian, District Bahawalnagar. In FY2025, it reported revenue of Rs.10.84 billion, profit after tax of Rs.46.13 million and EPS of Rs.2.67. Although revenue increased from FY2024, profitability weakened, with the net profit margin falling to approximately 0.43%. ADAMS was listed as Shariah-compliant in the screening effective June 5, 2026, based on December 31, 2025 accounts. Investors should also examine the latest interim results, seasonal sugar-production economics and the PSX Risk Warning Alert before making an investment decision.
Pharmaceuticals
AGP Limited
AGP Limited (AGP) is a Pakistan Stock Exchange-listed pharmaceutical company involved in importing, marketing, exporting, distributing, wholesaling and manufacturing pharmaceutical products. In 2025, it reported standalone sales of approximately Rs. 20.55 billion, profit after tax of Rs. 2.36 billion and EPS of Rs. 8.43. Its portfolio and subsidiaries support its presence across Pakistan’s healthcare market. Investors should examine earnings growth, product demand, regulatory requirements, distribution costs, debt and the latest Shariah screening before making investment decisions.
Automobile Parts & Accessories
Agriauto Industries Limited
Agriauto Industries Limited (AGIL) is a Pakistan Stock Exchange-listed manufacturer of automotive, motorcycle and agricultural tractor components. Incorporated in 1981, the company supplies components used in Pakistan’s vehicle and tractor industries. In FY2026, revenue increased to Rs.10.73 billion, profit after tax reached Rs.681.36 million, and EPS improved to Rs.18.93 from Rs.2.75 in FY2025. The Board recommended a final cash dividend of Rs.5 per share, subject to the required approval. AGIL was listed as Shariah-compliant in the PSX screening effective June 5, 2026, based on December 31, 2025 accounts. Investors should monitor automobile production, customer demand, margins, cash flows and the latest Shariah screening.
Food & Personal Care Products
Agro Processors & Atmospheric Gases Limited
Agro Processors & Atmospheric Gases Limited (SOYASUP) is a Pakistan Stock Exchange-listed manufacturer of vegetable ghee, cooking oil and related products, including the Soya Supreme brand. Incorporated in 1980, the company began trading on the PSX in September 2026. In FY2026, revenue increased to Rs.19.93 billion, profit after tax reached Rs.875.57 million, and EPS rose to Rs.2.66. The company recommended a final cash dividend of Rs.0.50 per share in addition to an interim dividend of Rs.0.40 per share already paid. It was declared Shariah-compliant for inclusion in the PSX-KMI All Share Islamic Index at listing; investors should verify current screening and review the Risk Warning Alert shown on the PSX profile.
Textile Composite
Ahmad Hassan Textile Mills Limited
Ahmad Hassan Textile Mills Limited (PSX: AHTM) is a Pakistani textile company incorporated in 1989 and listed on the Pakistan Stock Exchange. The company manufactures and sells textile products, including fabric, and has also conducted cotton ginning activities. For FY2026, AHTM reported revenue of approximately Rs.5.42 billion, profit after tax of Rs.85.67 million and earnings per share of Rs.10.11. Investors researching AHTM should review its annual financial performance, profit margins, dividend announcements, Shariah screening and the Risk Warning Alert displayed on its PSX profile before making investment decisions.
Technology & Communication
Air Link Communication Limited
Air Link Communication Limited (PSX: AIRLINK) is a Pakistani technology and communication products distributor and retailer. Its business includes smartphones, tablets, laptops, accessories and related IT products. For FY2026, the company reported unconsolidated revenue of approximately Rs.60.08 billion, profit after tax of Rs.3.56 billion and earnings per share of Rs.9.01. AIRLINK was classified as Shariah-compliant in the screening effective June 5, 2026. Investors should also review its financing requirements, cash flows, earnings quality and the Risk Warning Alert displayed on the official PSX profile.
Engineering
Aisha Steel Mills Limited
Aisha Steel Mills Limited (ASL) is a Pakistan Stock Exchange-listed steel manufacturer producing cold-rolled and galvanized steel coils and sheets for domestic and export markets. In FY2026, the company reported revenue of Rs.54.24 billion and profit after tax of Rs.981.15 million, returning to profitability after a loss in FY2025. ASL was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index screening effective June 5, 2026. Investors should review its latest financial statements, debt position, steel-market conditions and current Shariah screening before making investment decisions.
Automobile Assembler
Al-Ghazi Tractors Limited
Al-Ghazi Tractors Limited (AGTL) is a Pakistan Stock Exchange-listed manufacturer and seller of agricultural tractors, generators, implements and spare parts. The company produces New Holland tractors and is a subsidiary of Al-Futtaim Industries Company LLC, UAE. Its financial performance is influenced by tractor demand, farmers’ purchasing power, agricultural income, government policies, production costs and access to financing. Investors researching AGTL should review its latest financial results, cash flows, dividend policy and official Shariah-screening status before making investment decisions.
Sugar & Allied Industries
Al-Noor Sugar Mills Limited
Al-Noor Sugar Mills Limited (PSX: ALNRS) is a Pakistani company incorporated in 1969, operating in the sugar and allied industries sector. Its business includes sugar manufacturing, medium-density fibreboard (MDF) production and power generation. For FY2025, the company reported revenue of approximately Rs.17.92 billion, profit after tax of Rs.107.45 million and earnings per share of Rs.5.25. ALNRS was classified as Shariah-compliant in the PSX screening effective June 5, 2026. Investors should also examine its profitability, working capital, latest financial results and the Risk Warning Alert displayed on its PSX profile.
Textile Spinning
Allawasaya Textile & Finishing Mills Limited
Allawasaya Textile & Finishing Mills Limited (AWTX) is a Pakistan Stock Exchange-listed textile spinning company engaged in manufacturing and selling yarn. The company reported revenue of approximately Rs.4.35 billion and a loss after tax of Rs.69.83 million for FY2025. PSX's FY2026 financial-announcements listing reports a further annual loss. The company is included in the PSX Investors Zone Shariah-Eligible Stocks directory; investors should verify its latest official Shariah screening and review its profitability, finance costs and cash flow before making investment decisions.
Chemical
Archroma Pakistan Limited
Archroma Pakistan Limited (PSX: ARPL) is a chemical company engaged in manufacturing, importing and selling chemicals, dyestuffs, coatings, adhesives and sealants. It serves textile, packaging, paper and other industrial markets. For FY2025, the company reported revenue of approximately Rs.27.41 billion, profit after tax of Rs.1.18 billion and earnings per share of Rs.34.05. ARPL was classified as Shariah-compliant in the screening effective June 5, 2026. Investors should monitor demand from industrial customers, raw-material and energy costs, finance expenses, margins and the latest Shariah screening.
Textile Spinning
Asim Textile Mills Limited
Asim Textile Mills Limited (ASTM) is a Pakistan Stock Exchange-listed textile spinning company engaged in manufacturing and selling yarn. For FY2026, the company reported revenue of approximately Rs.2.04 billion and profit after tax of Rs.12.02 million, compared with Rs.2.18 billion in revenue and Rs.19.88 million in profit in FY2025. ASTM was included in the PSX-KMI All Share Islamic Index screening effective June 5, 2026. Investors should assess its thin profit margins, textile-industry conditions and latest Shariah screening before making investment decisions.
Food & Personal Care Products
At-Tahur Limited
At-Tahur Limited (PREMA) is a Pakistan Stock Exchange-listed dairy company behind the Premá brand. Incorporated in 2007, the company operates a dairy farm and produces and processes milk and dairy products. In FY2026, revenue reached Rs.6.90 billion, profit after tax increased to Rs.821.42 million, and earnings per share rose to Rs.3.76. Its net profit margin improved to 11.90%, although gross profit margin declined compared with FY2025. PREMA was listed as Shariah-compliant in a screening effective June 5, 2026, based on December 31, 2025 financial information. Investors should also examine the PSX Risk Warning Alert, cash flows, financing obligations and the latest Shariah screening before making decisions. Sources: [PSX](https://dps.psx.com.pk/company/PREMA) | [At-Tahur official profile](https://prema.pk/company-profile/)
Automobile Parts & Accessories
Atlas Battery Limited
Atlas Battery Limited (ATBA) is a Pakistan Stock Exchange-listed manufacturer of automotive, motorcycle and energy-storage batteries and related products. Incorporated in 1966, the company operates under the Atlas Group and is a subsidiary of Shirazi Investments (Private) Limited. Its battery business serves automotive and other energy-storage needs, including applications associated with solar power. Investors should pay close attention to its recent earnings deterioration: the company reported a loss after tax of approximately Rs.370.69 million and negative EPS of Rs.10.59 for FY2026. Review its latest financial statements, cash flows, business outlook and current Shariah screening before making an investment decision. Source: [PSX profile](https://dps.psx.com.pk/company/ATBA) | [Annual Report 2026](https://financialfilings.com/filings/atlas-battery-limited/annual-report/2026/59495240/)
Cement
Attock Cement Pakistan Limited
Attock Cement Pakistan Limited (ACPL), known for its Falcon Cement brand, is a Pakistan Stock Exchange-listed cement manufacturer incorporated in 1981. In FY2026, revenue reached Rs.44.32 billion and profit after tax was Rs.3.42 billion, with EPS of Rs.24.86. In Q1 FY2027, revenue increased approximately 14.1% year over year to Rs.12.03 billion, while profit after tax rose approximately 29.2% to Rs.1.08 billion. ACPL was compliant in the PSX-KMI All Share Islamic Index screening effective June 5, 2026, based on December 31, 2025 accounts. Investors should review cement demand, energy costs, finance expenses, current Shariah screening and the Risk Warning Alert shown on the PSX profile.
Refinery
Attock Refinery Limited
Attock Refinery Limited (PSX: ATRL) is a Pakistani oil-refining company incorporated in 1978. It processes crude oil into petroleum products and operates in Pakistan's energy sector. Explore its FY2026 financial performance, dividend announcements, refinery-upgradation plans, Shariah-screening status and key investment risks before conducting further research.
Textile Composite
Azgard Nine Limited
Azgard Nine Limited (PSX: ANL) is a Pakistani textile manufacturer operating an integrated business covering spinning, weaving, dyeing and stitching. The company produces yarn, denim fabric and related denim products for domestic and international markets. In FY2026, ANL reported revenue of approximately Rs.42.50 billion, profit after tax of Rs.869.87 million and earnings per share of Rs.1.77. It was classified as Shariah-compliant in the screening effective June 5, 2026. Investors should also review the company’s debt and cash-flow position, latest Shariah screening and the Risk Warning Alert shown on its PSX profile.
Automobile Parts & Accessories
Baluchistan Wheels Limited
Baluchistan Wheels Limited (BWHL) is a Pakistan Stock Exchange-listed manufacturer of automotive wheel rims for trucks, buses, tractors, cars and mini commercial vehicles. In FY2026, the company reported sales of approximately Rs.2.916 billion and profit after tax of Rs.312.59 million. BWHL was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index screening effective June 5, 2026. However, its PSX profile displays a Risk Warning Alert concerning continuing regulatory violations and possible suspension or delisting. Investors should review the company's financial results, regulatory disclosures and latest Shariah status before making investment decisions.
Commercial Banks
BankIslami Pakistan Limited
BankIslami Pakistan Limited (PSX: BIPL) is a Pakistani Islamic commercial bank offering Shariah-based banking and investment services. Explore its financial performance, dividend history, Shariah-related disclosures and important PSX regulatory risk notices.
Textile
Bannu Woollen Mills Limited
Bannu Woollen Mills Limited (BNWM) is a Pakistan Stock Exchange-listed textile manufacturer engaged in producing and selling woollen yarn, cloth and blankets. For FY2026, the company reported sales of approximately Rs.1.295 billion and a loss after tax of Rs.120.70 million, compared with a loss of Rs.98.43 million in FY2025. BNWM was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index screening announced in May 2026. However, its PSX profile displays a Risk Warning Alert relating to regulatory violations and potential trading suspension or delisting. Investors should review the latest financial statements, regulatory notices and Shariah screening before making investment decisions.
Food & Personal Care Products
Barkat Frisian Agro Limited
Barkat Frisian Agro Limited (BFAGRO) is a Pakistan Stock Exchange-listed food-processing company specializing in poultry egg processing and value-added egg products for food manufacturers and other customers. Incorporated in 2017, the company began trading on the PSX in March 2025. Its FY2026 financial highlights report earnings per share of Rs.2.02 and a dividend payout ratio of 0%. BFAGRO passed the PSX-KMI All Share Islamic Index screening effective June 5, 2026. Investors should review the latest financial statements, production capacity, demand for processed egg products and current Shariah screening before making investment decisions.
Leather & Tanneries
Bata Pakistan Limited
Bata Pakistan Limited (BATA) is a Pakistan Stock Exchange-listed footwear manufacturer and retailer producing and selling shoes, accessories and hosiery. The company reported revenue of Rs.17.78 billion and a loss after tax of Rs.2.39 billion for FY2025, compared with a profit of Rs.850.73 million in FY2024. In the quarter ended June 30, 2026, it reported a loss of Rs.41.80 million. BATA appears in the PSX KMI All Share Islamic Index screener. Investors should review its latest financial results, operating costs, retail performance and current Shariah screening before making investment decisions.
Engineering
Beco Steel Limited
Beco Steel Limited (PSX: BECO) is a Pakistan-based engineering-sector company that manufactures steel and allied products. Formerly known as Ravi Textile Mills Limited, the company reported higher sales and a return to profitability in FY2026. Investors should also consider the company's PSX Risk Warning Alert, which identifies a risk of suspension or delisting.
Chemical
Berger Paints Pakistan Limited
Berger Paints Pakistan Limited (PSX: BERG) manufactures and trades paints, varnishes and related products in Pakistan. For FY2026, the company reported sales of approximately Rs.9.18 billion, profit after tax of Rs.309.43 million and earnings per share of Rs.12.60. It was included in the PSX Shariah screening effective June 2026. Investors should also review the company's active PSX Risk Warning Alert regarding potential suspension or delisting.
Pharmaceuticals
BF Biosciences Limited
BF Biosciences Limited (BFBIO) is a Pakistan Stock Exchange-listed pharmaceutical company engaged in developing, manufacturing, marketing and distributing pharmaceutical products. It is an 80:20 joint venture between Ferozsons Laboratories Limited and Argentina's Bagó Group. In FY2026, the company reported revenue of Rs.9.46 billion and profit after tax of Rs.632.13 million, reflecting strong year-on-year growth. BFBIO was classified as Shariah-compliant in the PSX screening effective May 29, 2026. Investors should review its latest financial reports, expansion spending, regulatory developments and current Shariah status before making investment decisions.
Textile Composite
Bhanero Textile Mills Limited
Bhanero Textile Mills Limited (BHAT) is a Pakistan Stock Exchange-listed textile composite company engaged in manufacturing and selling yarn and fabric. For FY2026, the company reported sales of approximately Rs.33.72 billion and profit after tax of Rs.700.27 million, compared with Rs.32.91 billion in sales and Rs.114.23 million in profit in FY2025. BHAT was classified as Shariah-compliant in the PSX screening dated May 15, 2026, based on accounts to December 31, 2025. However, the official PSX profile displays a Risk Warning Alert concerning regulatory violations and possible suspension or delisting. Investors should review the latest financial statements, regulatory notices and Shariah screening before making investment decisions.
Chemical
Biafo Industries Limited
Explore Biafo Industries Limited (PSX: BIFO), a Pakistani manufacturer of commercial explosives and blasting accessories. Review its latest reported financial results, business operations, Shariah screening status and important PSX risk disclosures before making an investment decision.
Food & Personal Care Products
Big Bird Foods Limited
Big Bird Foods Limited (BBFL) is a Pakistan Stock Exchange-listed company engaged in poultry farming, slaughtering, processing and supplying finished and semi-finished poultry products. PSX reports FY2026 sales of approximately Rs.14.76 billion and earnings per share of Rs.3.80. The company was classified as Shariah-compliant in the PSX screening effective May 29, 2026. However, its PSX profile displays a Risk Warning Alert related to regulatory violations and potential suspension or delisting. Investors should review the latest financial statements, regulatory disclosures and Shariah screening before making investment decisions.
Textile Composite
Blessed Textiles Limited
Blessed Textiles Limited (BTL) is a Pakistan Stock Exchange-listed textile composite company engaged in manufacturing and selling yarn and woven fabric, as well as generating electricity for its own consumption. For FY2026, the company reported sales of approximately Rs.31.68 billion and profit after tax of Rs.407.75 million, compared with a loss of Rs.96.88 million in FY2025. BTL was classified as Shariah-compliant in the PSX screening effective May 15, 2026. However, PSX displays a Risk Warning Alert for continuing regulatory violations and possible suspension or delisting. Investors should assess its financial performance, regulatory status and latest Shariah screening before investing.
Transport
Blue-Ex Limited
Blue-Ex Limited (PSX: BLUEX) is a Pakistani logistics and technology company providing e-commerce delivery, domestic and international courier, freight forwarding, warehousing and fulfilment services. Explore its business operations, financial performance and Shariah screening information.
Engineering
Bolan Castings Limited
Bolan Castings Limited (BCL) is a Pakistan Stock Exchange-listed engineering company that manufactures castings for tractors and automotive parts. The company is a subsidiary of Millat Tractors Limited. In FY2026, BCL reported revenue of approximately Rs.1.694 billion and profit after tax of Rs.69.94 million, compared with a loss of Rs.19.15 million in FY2025. BCL was classified as Shariah-compliant in the PSX screening effective May 15, 2026. Investors should review tractor-industry demand, profit margins, customer concentration and the latest Shariah screening before making investment decisions.
Food & Personal Care Products
Bunnys Limited
Bunnys Limited (BNL) is a Pakistan Stock Exchange-listed food manufacturer engaged in producing bakery and other food products. For FY2026, PSX reports sales of approximately Rs.8.00 billion and profit after tax of Rs.127.26 million, compared with profit of Rs.309.55 million in FY2025. BNL was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index screening effective June 5, 2026. However, its PSX company profile displays a Risk Warning Alert concerning continuing regulatory violations and possible suspension or delisting. Investors should review the latest financial statements, regulatory disclosures and Shariah screening before making investment decisions.
Modarabas / Renewable Energy Finance
Burj Clean Energy Modaraba
Burj Clean Energy Modaraba (PSX: GEMBCEM) is a perpetual Modaraba listed on the Pakistan Stock Exchange's Growth Enterprise Market Board in October 2024. Managed by Burj Investment Management Limited, it focuses on Shariah-compliant financing and leasing of renewable-energy equipment, clean-energy projects, energy storage, and related solutions. The Modaraba's activities include solar and wind projects, renewable-energy equipment leasing, energy-efficiency advisory, and clean-energy financing. Its model is designed to generate income through asset-based financing and lease rentals rather than relying solely on electricity generation or equipment sales. For FY2026, standalone profit after tax increased to Rs 91.29 million from Rs 43.03 million in FY2025. Consolidated revenue rose to Rs 362.52 million, while consolidated profit after tax reached Rs 93.54 million. The board recommended a final cash dividend of Rs 0.60 per certificate, equivalent to 6% of face value, subject to the applicable approval process. VIS maintains entity ratings of A for the medium- to long-term and A1 for the short-term, with a Stable outlook. On October 22, 2026, VIS finalized an A1 rating for the Modaraba's Rs 1.5 billion Short-Term Sukuk III. Investors should evaluate lease income, project performance, financing costs, Sukuk obligations, customer concentration, liquidity, and the latest Shariah disclosures before assessing the certificates.
Oil & Gas Marketing Companies
Burshane LPG (Pakistan) Limited
Burshane LPG (Pakistan) Limited (BPL) is a Pakistan Stock Exchange-listed company engaged in storing, marketing and trading liquefied petroleum gas (LPG) throughout Pakistan, along with trading low-pressure regulators. In FY2026, the company reported unconsolidated sales of approximately Rs.2.84 billion and profit after tax of Rs.179.70 million, compared with Rs.29.52 million in FY2025. BPL was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index screening announced in May 2026. However, its PSX profile displays a Risk Warning Alert concerning regulatory violations and potential trading suspension or delisting. Investors should review the latest financial statements, regulatory disclosures and Shariah screening before investing.
Chemical
Buxly Paints Limited
Buxly Paints Limited (BUXL) is a Pakistan Stock Exchange-listed company engaged in manufacturing and selling paints, pigments, protective surface coatings, varnishes and related products under a toll manufacturing arrangement with Berger Paints Pakistan Limited. For FY2026, the company reported sales of Rs.519.11 million and a loss after tax of Rs.34.71 million, compared with a loss of Rs.4.06 million in FY2025. BUXL was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index screening effective June 5, 2026. Its PSX profile also carries a Risk Warning Alert concerning regulatory violations and potential suspension or delisting. Investors should consider its losses, regulatory status and latest Shariah screening before investing.
Paper, Board & Packaging
Century Paper & Board Mills Limited
Century Paper & Board Mills Limited (CEPB) is a Pakistan Stock Exchange-listed manufacturer and marketer of paper, board and related products. For FY2026, the company reported sales of approximately Rs.38.70 billion and a loss after tax of Rs.58.29 million, compared with a loss of Rs.345.42 million in FY2025. CEPB was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index screening dated May 29, 2026. However, PSX displays a Risk Warning Alert concerning continuous regulatory violations and possible suspension or delisting. Investors should review the latest financial statements, regulatory disclosures and Shariah screening before making investment decisions.
Sugar & Allied Industries
Chashma Sugar Mills Limited
Chashma Sugar Mills Limited (CHAS) is a Pakistan Stock Exchange-listed company engaged in the production and sale of sugar, ethanol and allied products. For the financial year ended September 30, 2025, it reported standalone revenue of approximately Rs.24.90 billion and a loss after tax of approximately Rs.2.95 billion. The company was included in the PSX-KMI All Share Islamic Index recomposition effective June 5, 2026. Its PSX profile also displays a Risk Warning Alert concerning regulatory violations and potential suspension or delisting. Investors should review the latest financial statements, regulatory notices and Shariah screening before making investment decisions.
Cement
Cherat Cement Company Limited
Cherat Cement Company Limited (CHCC) is a Pakistan Stock Exchange-listed cement manufacturer and a member of the Ghulam Faruque Group. For FY2026, it reported revenue of Rs.36.48 billion, profit after tax of Rs.7.25 billion and EPS of Rs.37.34. Its FY2026 profit declined 16.43% compared with the previous year, despite lower finance costs. CHCC was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index screening effective June 5, 2026. The PSX profile also displays a Risk Warning Alert concerning regulatory violations and potential suspension or delisting, which investors should review carefully.
Paper & Board — packaging materials
Cherat Packaging Limited
Cherat Packaging Limited (PSX: CPPL) is a Pakistani packaging manufacturer incorporated in 1989. Its business includes paper sacks, polypropylene bags, SOS/carrier bags and flexible packaging materials supplied to industries such as cement, food, beverages, pharmaceuticals and consumer goods. For the financial year ended 30 June 2026, the company reported sales of Rs.15.09 billion, profit after tax of Rs.651.01 million and earnings per share of Rs.13.26. It was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index screening effective 5 June 2026, based on accounts to 31 December 2025. Investors should also note that the official PSX profile displays a Risk Warning Alert relating to continuous regulatory violations and potential trading suspension or delisting. Review the latest regulatory disclosures, financial statements and Shariah screening before making investment decisions.
Pharmaceuticals
Citi Pharma Limited
Citi Pharma Limited (CPHL) is a Pakistan Stock Exchange-listed pharmaceutical manufacturer established in 2012 and listed in 2021. Its principal activities include manufacturing and selling pharmaceutical products, medical chemicals and botanical products. The company’s performance depends on product demand, manufacturing costs, regulatory requirements, raw-material availability, pricing and competition. In FY2026, CPHL reported standalone sales of approximately Rs. 14.00 billion, profit after tax of Rs. 782.60 million and EPS of Rs. 3.43. Investors should review its financial performance, debt, cash flows, valuation, dividend history and latest official Shariah-screening status before making investment decisions.
Food & Personal Care Products (PSX-displayed sector classification)
Clover Pakistan Limited
Clover Pakistan Limited (CLOV) is a Pakistan Stock Exchange-listed company incorporated in 1986. Its FY2026 annual report highlights revenue growth driven by petroleum-product sales, company-operated filling and service stations, and transportation services. Revenue increased to Rs.7.762 billion, while profit after tax rose to Rs.315.75 million, compared with Rs.253.40 million in FY2025. CLOV was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index screening effective June 5, 2026. However, its PSX profile displays a Risk Warning Alert concerning regulatory violations and possible suspension or delisting, which investors should review carefully.
Refinery and Petroleum Marketing
Cnergyico PK Limited
Cnergyico PK Limited (PSX: CNERGY) is a Pakistan-based petroleum company operating in oil refining and petroleum marketing. Incorporated in 1995, the company supplies petroleum products through its refining and marketing operations. For the financial year ended 30 June 2026, Cnergyico reported consolidated revenue of approximately Rs.410.24 billion and profit after tax of approximately Rs.11.18 billion. The company was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index review effective 5 June 2026, based on financial statements to 31 December 2025. Investors should also review the Risk Warning Alert displayed on the official PSX profile, which identifies potential trading suspension or delisting risk associated with continuous regulatory violations. Shariah screening status and regulatory standing should be rechecked before making any investment decision.
Food & Personal Care Products
Colgate-Palmolive (Pakistan) Limited
Colgate-Palmolive (Pakistan) Limited (PSX: COLG) is a consumer-products company engaged in manufacturing and selling detergents, personal-care products and other related goods. Its portfolio serves everyday household and hygiene needs, with performance influenced by consumer demand, brand strength, distribution, raw-material costs and pricing. For the financial year ended 30 June 2026, the company reported net revenue of Rs.125.22 billion, profit after tax of Rs.18.63 billion and earnings per share of Rs.76.74. The company was classified as Shariah-compliant in the PSX screening published on 15 May 2026, based on financial accounts as of 31 December 2025. Investors should review its latest financial statements, dividend announcements and updated Shariah screening status before making investment decisions.
Textile Spinning
Crescent Cotton Mills Limited
Crescent Cotton Mills Limited (CCM) is a Pakistan Stock Exchange-listed textile company engaged in manufacturing and selling yarn, home textiles and hosiery products. For FY2026, it reported revenue of approximately Rs.5.58 billion and profit after tax of Rs.55.27 million, compared with revenue of Rs.5.57 billion and profit after tax of Rs.60.71 million in FY2025. CCM was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index screening effective May 29, 2026. Investors should review its latest financial results, business operations, cash flow and current Shariah screening before making investment decisions.
Textile Spinning
Crescent Fibres Limited
Crescent Fibres Limited (CFL) is a Pakistan Stock Exchange-listed textile-spinning company engaged in manufacturing and selling yarn. For FY2026, the company reported sales of approximately Rs.3.84 billion and a loss after tax of Rs.580.97 million, compared with a loss of Rs.775.71 million in FY2025. CFL was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index screening dated May 29, 2026. However, PSX displays a Risk Warning Alert concerning regulatory violations and possible suspension or delisting. Investors should review the latest financial statements, regulatory disclosures and Shariah screening before making investment decisions.
Engineering
Crescent Steel & Allied Products Limited
Crescent Steel & Allied Products Limited (PSX: CSAP) is a diversified Pakistani company incorporated in 1983, with operations spanning steel pipe manufacturing and coating, engineering fabrication, infrastructure development, investments and energy-related activities. For the financial year ended 30 June 2026, it reported unconsolidated sales of Rs.7.936 billion, profit after tax of Rs.1.291 billion and EPS of Rs.16.63. Consolidated profit after tax was approximately Rs.1.533 billion, with consolidated EPS of Rs.19.74. The company was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index screening effective 5 June 2026, based on accounts to 31 December 2025. Its reported non-compliant income ratio was 1.73%, for which investors following a Shariah-compliant strategy should consider applicable purification guidance. The PSX profile also displays a Risk Warning Alert concerning continuous regulatory violations and potential suspension or delisting. Investors should verify the latest regulatory notices and financial disclosures before making investment decisions.
Cement
D.G. Khan Cement Company Limited
D.G. Khan Cement Company Limited (DGKC) is a Pakistan Stock Exchange-listed cement manufacturer incorporated in 1978. It produces clinker, Ordinary Portland Cement and Sulphate Resistant Cement through its manufacturing facilities in Pakistan. In FY2026, DGKC reported standalone sales of Rs. 79.56 billion, profit after tax of Rs. 11.43 billion and EPS of Rs. 26.08. Its performance depends on cement demand, construction activity, energy costs, coal prices, freight expenses and financing costs. Investors should review its financial results, valuation, proposed dividend, expansion plans, current PSX risk notices and latest Shariah-screening status.
Engineering
Dadex Eternit Limited
Dadex Eternit Limited (PSX: DADX) is a Pakistani construction-materials manufacturer incorporated in 1959. Its business includes piping systems, construction products and allied materials made from cement-based, rubber and plastic materials, along with the merchandising of imported pipe fittings and accessories. The company reported a return to annual profitability in FY2026 after losses in the previous three financial years. Dadex appeared as Shariah-compliant in the PSX-KMI All Share Islamic Index screening published in May 2026. However, PSX displays a Risk Warning Alert concerning continuing regulatory violations and potential suspension or delisting, making this a key consideration for investors.
Cement
Dandot Cement Company Limited
Dandot Cement Company Limited (PSX: DNCC) is a Pakistani cement manufacturer whose production began in 1983. The company manufactures and markets cement and is a subsidiary of Calicom Industries (Private) Limited. According to the PSX financial summary, DNCC recorded sales of approximately Rs.6.34 billion and a net loss of Rs.153.14 million in FY2025, compared with a profit of Rs.20.43 million in FY2024. For the nine months ended March 31, 2026, quarterly reports showed uneven results, including a small profit in the third quarter. DNCC was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index screening published in May 2026. However, PSX displays a Risk Warning Alert concerning possible suspension or delisting, and the company also appears on PSX's Non-Compliant Companies and Securities Profile Portal. Investors should review these regulatory disclosures separately from Shariah status and financial performance.
Chemical — official PSX sector classification. The company's core business is agricultural seeds and related crop-processing services.
Data Agro Limited
Data Agro Limited (PSX: DAAG) is a Pakistani agricultural business focused on hybrid and commercial seeds, crop processing and cotton-seed delinting. Its product range includes corn, wheat, cotton, fodder and paddy seeds. Incorporated in 1992, the company serves Pakistan's agricultural sector through seed development, processing and related services. For the financial year ended 30 June 2026, the PSX financial summary reports sales of Rs.386.076 million and earnings per share of Rs.1.88, compared with a loss per share of Rs.6.17 in FY2025. DAAG was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index screening published on 15 May 2026, based on accounts to 31 December 2025. However, the official PSX profile displays a Risk Warning Alert concerning continuous regulatory violations and possible trading suspension or delisting. Investors should review the latest PSX disclosures, financial statements and Shariah screening before making investment decisions.
Chemical
Descon Oxychem Limited
Descon Oxychem Limited (PSX: DOL) is a Pakistani chemical manufacturer incorporated in 2004 and commercially operational since March 2009. Its principal business is the manufacture, procurement and sale of hydrogen peroxide and allied products used in industries such as textiles, pulp and paper, water treatment, mining, food processing and sugar. In FY2026, the company reported sales of approximately Rs.4.99 billion and profit after tax of Rs.303.34 million, compared with sales of Rs.5.92 billion and profit of Rs.790.16 million in FY2025. This indicates lower revenue and profitability year over year. DOL was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index screening published in May 2026. However, PSX displays a Risk Warning Alert concerning possible suspension or delisting, which investors should review separately from financial performance and Shariah screening.
Cement
Dewan Cement Limited
Dewan Cement Limited (PSX: DCL) is a Pakistani cement manufacturer incorporated in March 1980, with production facilities in Dhabeji, Karachi, and Hattar, Haripur. In FY2026, the company reported net turnover of approximately Rs.25.00 billion and a net loss of Rs.169.75 million, an improvement from the Rs.967.79 million loss reported in FY2025. Despite the smaller loss, significant financial and regulatory risks remain. The company's disclosures describe liquidity pressures and material uncertainty about its ability to continue as a going concern, while PSX displays a Risk Warning Alert concerning possible suspension or delisting. DCL was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index review published in May 2026, based on accounts to December 2025.
Real Estate Investment Trust (REIT)
Dolmen City REIT
Dolmen City REIT (PSX: DCR) is a listed, perpetual, Shariah-compliant rental real estate investment trust established in January 2015. It provides unit holders with exposure to two commercial properties in Karachi: Dolmen Mall Clifton, a major retail and shopping destination, and The Harbour Front, an office complex. Rental income generated by these properties is distributed to unit holders through dividends, subject to the scheme's results and applicable requirements. For FY2026, PSX's financial summary reports total income of approximately Rs.6.75 billion and profit after taxation of Rs.12.69 billion, including accounting effects that investors should examine in the audited financial statements. The PSX-KMI All Share Islamic Index screening published in May 2026 classified DCR as Shariah-compliant. However, PSX's company page displays a Risk Warning Alert concerning possible suspension or delisting, which investors should verify against current official disclosures.
Chemical
Dynea Pakistan Limited
Dynea Pakistan Limited (PSX: DYNO) is a Pakistani chemical manufacturer incorporated in 1982. The company produces formaldehyde, urea and melamine formaldehyde resins, resin additives and moulding compounds for industrial customers. In FY2026, revenue increased to approximately Rs.15.064 billion from Rs.12.734 billion in FY2025, while profit after tax rose to Rs.1.087 billion from Rs.868 million. Earnings per share improved from Rs.45.97 to Rs.57.58. The board recommended a final cash dividend of Rs.9.25 per share for FY2026, in addition to the Rs.6.25 interim dividend already paid; final approval and payment should be confirmed through official disclosures. DYNO was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index screening published in May 2026. However, PSX displays a Risk Warning Alert concerning possible suspension or delisting, which should be considered separately from its financial performance and Shariah screening status.
Textile Spinning
Ellcot Spinning Mills Limited
Ellcot Spinning Mills Limited (PSX: ELSM) is a Pakistani textile manufacturer specialising in yarn production and sale. Incorporated in 1988, the company is part of the Nagina Group, with its registered office in Lahore and manufacturing facility in District Kasur. For FY2026, it reported revenue of approximately Rs. 16.226 billion, profit after tax of Rs. 206.175 million and EPS of Rs. 18.83, compared with FY2025 profit after tax of Rs. 76.618 million and EPS of Rs. 7.00. The Board recommended a final cash dividend of Rs. 6.50 per share for FY2026, subject to shareholder approval. ELSM appears in the PSX Investors Zone Shariah-eligible stocks directory; investors should confirm its latest official screening status. PSX also displays a Risk Warning Alert concerning potential trading suspension or delisting, which is a material regulatory risk.
Cable & Electrical Goods
EMCO Industries Limited
EMCO Industries Limited (PSX: EMCO) is a Pakistani electrical-equipment manufacturer established in 1954. The company specialises in high- and low-tension electrical porcelain insulators and switchgear used in electrical transmission, distribution and industrial applications. For FY2026, EMCO reported revenue of approximately Rs. 4.679 billion, profit after tax of Rs. 69.442 million and earnings per share of Rs. 1.98, compared with FY2025 revenue of Rs. 3.607 billion and EPS of Rs. 1.59. EMCO was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index recomposition effective June 5, 2026, based on accounts to December 31, 2025. However, PSX displays a Risk Warning Alert concerning regulatory violations and possible trading suspension or delisting. Investors should evaluate this regulatory risk alongside the company’s financial performance and verify its latest Shariah screening status.
Fertilizer
Engro Fertilizers Limited
Engro Fertilizers Limited (PSX: EFERT) is a major participant in Pakistan’s fertilizer industry, manufacturing and marketing fertilizer products for the agricultural sector. Incorporated in 2009, the company operates within the wider Engro group and serves farmers through its fertilizer products and distribution network. PSX-reported figures show FY2025 revenue of approximately Rs. 193.25 billion, profit after tax of Rs. 23.77 billion and EPS of Rs. 17.80. For the nine months ended September 30, 2026, PSX financial announcements reported consolidated profit after tax of approximately Rs. 16.24 billion and EPS of Rs. 12.16. EFERT was listed as Shariah-compliant in screening effective June 5, 2026, based on accounts to December 31, 2025. However, the PSX company page displays a Risk Warning Alert concerning potential trading suspension or delisting. Investors should verify the latest official disclosures and assess regulatory risk alongside business performance.
Investment Banks / Investment Companies / Securities Companies
Engro Holdings Limited
Engro Holdings Limited (ENGROH) is a Pakistan Stock Exchange-listed investment holding company, formerly known as Dawood Hercules Corporation Limited. Its principal activity is managing investments in subsidiaries and associated companies. Through its investment portfolio, the Engro group has exposure to businesses across sectors including fertilizers, energy, petrochemicals, food and infrastructure. Investors researching ENGROH should review consolidated earnings, the value and performance of its investments, capital allocation, share buybacks, dividends and the latest Shariah-screening information.
Chemical
Engro Polymer & Chemicals Limited
Engro Polymer & Chemicals Limited (PSX: EPCL) is a Pakistani chemical manufacturer and part of the Engro Group. The company manufactures and markets polyvinyl chloride (PVC), vinyl chloride monomer (VCM), caustic soda and other industrial chemicals used in construction, infrastructure, manufacturing and related industries. It has also expanded its portfolio through downstream PVC products and hydrogen peroxide operations. EPCL's earnings depend on PVC and chemical-market demand, international product and feedstock prices, energy costs, exchange-rate movements, plant utilization and financing expenses. Its latest nine-month results for 2026 showed a return to profitability, although the third quarter recorded a substantial consolidated loss. The company was included in the PSX-KMI All Share Islamic Index screening published in May 2026, based on financial information available through December 31, 2025. Investors should independently monitor subsequent Shariah screening results. PSX also displays a Risk Warning Alert for EPCL, citing potential trading suspension or delisting risk under specified exchange regulations. Shariah-screening status and exchange regulatory status are separate matters and should both be considered before making an investment decision.
Power Generation & Distribution
Engro Powergen Qadirpur Limited
Engro Powergen Qadirpur Limited (PSX: EPQL) is a Pakistani power-generation company that operates a 217.3 MW combined-cycle power plant near Qadirpur, District Ghotki, Sindh. The plant uses permeate gas, a low-calorific-value gas associated with gas processing, to generate electricity for the national grid. EPQL is a subsidiary of Engro Energy Limited and has operated commercially since March 2010. Its financial performance is influenced by electricity generation, fuel availability, plant utilization, power-purchase arrangements, operating costs and finance income or expenses. For the nine months ended September 30, 2026, EPQL reported revenue of approximately Rs 10.10 billion and profit after tax of Rs 700.20 million, down from Rs 851.07 million in the corresponding period of 2025. The board also declared an interim cash dividend of Rs 0.75 per share for the third quarter of 2026. EPQL was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index screening announced in May 2026, based on accounts as of December 31, 2025. This is a dated screening result and should be checked against future official updates. Separately, PSX currently displays a Risk Warning Alert concerning possible trading suspension or delisting under specified exchange regulations. Investors should assess this regulatory warning alongside the company's financial position and Shariah status.
Automobile Parts & Accessories
Exide Pakistan Limited
Exide Pakistan Limited (PSX: EXIDE) is an established Pakistani manufacturer of batteries, chemicals and acid, with additional offerings in solar energy solutions. Incorporated in 1953, the company serves automotive, industrial, telecommunications, transport and backup-power markets. Its products include automotive batteries, tubular batteries, maintenance-free batteries and industrial power solutions. The company's financial performance is influenced by vehicle sales, replacement-battery demand, production costs, raw-material prices, competition, working-capital requirements and borrowing costs. In FY2026, net sales declined to approximately Rs 19.64 billion and profit after tax fell to Rs 431.68 million. In the quarter ended June 30, 2026, sales and earnings were also lower than in the corresponding quarter of the previous year. EXIDE was included as Shariah-compliant in the PSX-KMI All Share Islamic Index screening announced in May 2026, based on financial information as of December 31, 2025. Investors should verify its status against subsequent official screening results. **Important:** PSX displays a Risk Warning Alert for EXIDE, citing continuous violations of specified exchange regulations and possible trading suspension or delisting. This regulatory warning must be considered separately from Shariah compliance and financial performance.
Textile Composite
Faisal Spinning Mills Limited
Faisal Spinning Mills Limited (PSX: FASM) is a Pakistani textile manufacturer incorporated in 1985. The company manufactures and sells yarn, greige fabric, dyed fabric and home textile products through its spinning, weaving, finishing and home textile operations. Its business performance depends on textile export demand, local and international cotton prices, energy costs, production efficiency, exchange-rate movements and financing expenses. In FY2026, the company reported net sales of approximately Rs 45.84 billion and a net loss of Rs 413.54 million, compared with a net loss of Rs 269.27 million in FY2025. FASM was included as Shariah-compliant in the PSX-KMI All Share Islamic Index recomposition announced in May 2026, based on financial statements as of December 31, 2025. However, its reported debt-to-assets screening ratio was 35.51%, close to the then-applicable 37% threshold. The stricter 33% threshold scheduled for the November 2026 recomposition makes verification of its updated status important. PSX also displays a Risk Warning Alert relating to continuous violations of specified exchange regulations and potential trading suspension or delisting. Investors should assess this regulatory warning separately from the company's Shariah screening and financial performance.
Cable & Electrical Goods
Fast Cables Limited
Fast Cables Limited (PSX: FCL) is a Pakistani manufacturer of electrical wires, cables, metals, conductors and LED lighting products. Incorporated in 2008 and listed on the Pakistan Stock Exchange in June 2024, the company serves demand from construction, power distribution, infrastructure, industrial and commercial markets. For the financial year ended June 30, 2026, Fast Cables reported revenue of approximately Rs. 38.72 billion, gross profit of Rs. 7.23 billion, profit after tax of Rs. 2.11 billion and earnings per share of Rs. 3.28. Revenue increased by approximately 21.5% and profit after tax by 66.2% compared with FY2025. The board recommended a final cash dividend of Rs. 1.50 per share, subject to the applicable shareholder approval and entitlement process. Fast Cables appeared as Shariah-compliant in the PSX-KMI All Share Islamic Index review effective June 5, 2026. Investors should verify the latest official screening status before investing. **Important PSX Risk Warning:** The PSX company page displays an alert referring to continuous violation of specified listing-regulation clauses and the risk of suspension of trading or delisting. Investors should check the latest official PSX notice and company disclosures to understand the current status of this matter.
Fertilizer
Fatima Fertilizer Company Limited
Fatima Fertilizer Company Limited (PSX: FATIMA) is a Pakistani fertilizer and chemicals manufacturer established in 2003. Its products include urea, calcium ammonium nitrate (CAN) and nitro phosphate (NP). Explore its financial performance, dividend history, fertilizer-market exposure, Shariah-screening status and key investment risks before conducting further research.
Cement
Fauji Cement Company Limited
Fauji Cement Company Limited (FCCL) is a Pakistan Stock Exchange-listed cement manufacturer incorporated in 1992. The company manufactures and sells cement products and serves Pakistan’s construction and infrastructure markets. In FY2026, FCCL reported sales of approximately Rs. 93.69 billion, profit after tax of Rs. 16.18 billion and earnings per share of Rs. 6.60. Investors researching FCCL should review its financial performance, cement demand, energy and fuel costs, dividends, regulatory disclosures and latest Shariah-screening status.
Fertilizer
Fauji Fertilizer Company Limited
Fauji Fertilizer Company Limited (FFC) is a Pakistan Stock Exchange-listed fertilizer company engaged in manufacturing, purchasing and marketing fertilizers and chemicals. The company also has investments across sectors including fertilizer, chemicals, cement, energy, food processing, technical services and banking. This profile covers FFC’s business operations, reported financial performance, dividend information, market indicators, risks and latest verified Shariah-screening status for educational research.
Food & Personal Care Products
Fauji Foods Limited
Fauji Foods Limited (PSX: FFL) is a Pakistani food company producing and marketing dairy and other food products under brands including Nurpur and Dostea. For FY2025, PSX standardized data reports sales of Rs.28.88 billion and EPS of Rs.0.49. The company’s annual report describes record sales and improved profitability during 2025. Investors should monitor consumer demand, packaged-food taxation, raw milk and packaging costs, distribution efficiency and profit margins. FFL was listed as Shariah-compliant in the PSX screening review published May 15, 2026, based on accounts to December 31, 2025. Its PSX profile also displays a Risk Warning Alert concerning possible suspension or delisting.
Commercial Banks
Faysal Bank Limited
Faysal Bank Limited (PSX: FABL) is a Pakistani Islamic bank offering Shariah-compliant banking services to retail, corporate, commercial, SME and agricultural customers. The bank transitioned to fully Shariah-compliant operations in January 2023. Explore its FY2025 financial performance, 2026 interim results, dividend history, banking risks and official Shariah-related disclosures before conducting further investment research.
Textile Composite
Fazal Cloth Mills Limited
Fazal Cloth Mills Limited (PSX: FZCM) is a Pakistani textile manufacturer specialising in yarn and fabric. For FY2026, the company reported net sales of approximately Rs. 96.024 billion, profit after taxation of Rs. 1.573 billion and EPS of Rs. 52.44, compared with FY2025 EPS of Rs. 12.76. The board recommended a final cash dividend of Rs. 15 per share, subject to the applicable approval and payout process. On 23 October 2026, PSX displayed a share price of Rs. 257.00 and a trailing P/E ratio of 4.90. FZCM was marked Shariah-compliant in the PSX-KMI All Share Islamic Index recomposition effective 5 June 2026. However, PSX displays a Risk Warning Alert concerning continuing regulatory violations and possible suspension or delisting. Investors should assess these regulatory risks, textile-sector cost pressures and the company's latest disclosures before making investment decisions.
Cement
Fecto Cement Limited
Fecto Cement Limited (PSX: FECTC) is a Pakistani cement manufacturer incorporated on February 28, 1981. The company is engaged in producing and selling Portland cement and operates as part of the Fecto Group. Its business is linked to construction activity, infrastructure development, housing demand and the wider economic environment. For the financial year ended June 30, 2026, Fecto Cement reported revenue of approximately Rs. 12.50 billion, profit after tax of Rs. 663.36 million and earnings per share of Rs. 13.22. Compared with FY2025, revenue increased from approximately Rs. 11.10 billion, while profit after tax rose from Rs. 608.69 million. Fecto Cement appeared as Shariah-compliant in the PSX-KMI All Share Islamic Index screening information based on December 2025 data. Investors should check the latest official screening list because classifications and applicable criteria can change. **Important PSX Risk Warning:** The official PSX company page displays a warning concerning continuous violation of specified listing-regulation clauses and possible suspension of trading or delisting. Investors should review the latest official PSX notice and company announcements before making investment decisions.
Textile Composite
Feroze1888 Mills Limited
Feroze1888 Mills Limited (PSX: FML) is a Pakistani textile manufacturer incorporated in 1972 and principally engaged in the production and export of towels. Its products serve international textile and home-textile markets. In FY2026, the company reported unconsolidated sales of Rs. 67.73 billion, gross profit of Rs. 8.41 billion and profit after tax of Rs. 804.27 million, compared with Rs. 99.02 million in FY2025. EPS increased from Rs. 0.25 to Rs. 2.01, although gross profit declined and finance costs remained substantial. FML was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index review effective June 5, 2026, based on December 2025 accounts. The official PSX page also displays a Risk Warning Alert concerning possible suspension or delisting, which investors should assess separately from Shariah status and financial performance.
Pharmaceuticals
Ferozsons Laboratories Limited
Ferozsons Laboratories Limited (PSX: FEROZ) is a Pakistani pharmaceutical company incorporated in 1954 that commenced commercial operations in 1956. Its core business includes importing, manufacturing and selling pharmaceutical products and medical devices. The company also has interests in BF Biosciences Limited, a pharmaceutical business, and Farmacia, a medicine retail and distribution venture. For FY2026, Ferozsons reported standalone revenue of approximately Rs. 15.76 billion, profit after tax of Rs. 650.90 million and EPS of Rs. 14.97. On a consolidated basis, revenue reached Rs. 23.96 billion and profit after tax was approximately Rs. 1.23 billion, with consolidated EPS of Rs. 22.51. The board recommended a final cash dividend of Rs. 5.50 per share for FY2026, subject to shareholder approval at the AGM scheduled for October 28, 2026. Ferozsons appeared as Shariah-compliant in the PSX-KMI All Share Islamic Index screening information effective June 5, 2026, based on December 2025 data. Investors should verify the latest screening status. **Important PSX Risk Warning:** The official PSX company page displays an alert concerning continuous violation of specified listing-regulation clauses and potential trading suspension or delisting. Investors should review the latest official notice and company disclosures before making investment decisions.
Modarabas
First Habib Modaraba
First Habib Modaraba (PSX: FHAM) is a Pakistani Islamic financial institution managed by Habib Metropolitan Modaraba Management Company (Private) Limited, a subsidiary of Habib Metropolitan Bank Limited. Its core activities include Ijarah (leasing), Musharaka, Murabaha financing and other Shariah-compliant financial arrangements. For FY2026, First Habib Modaraba reported total income of approximately Rs. 5.08 billion, profit after tax of Rs. 747.92 million and earnings per certificate of Rs. 6.75. Compared with FY2025, total income decreased from Rs. 5.21 billion and profit after tax declined from Rs. 901.50 million. The board recommended a final cash dividend of Rs. 2.25 per certificate for FY2026. PSX subsequently reported electronic disbursement in October 2026. First Habib Modaraba appeared as Shariah-compliant in the PSX-KMI All Share Islamic Index review effective June 5, 2026, based on December 2025 data. Investors should verify the latest official screening status. **Important PSX Risk Warning:** The official PSX company page displays an alert concerning specified listing-regulation violations and possible trading suspension or delisting. Investors should review the latest official notice before making an investment decision.
Modarabas
First IBL Modaraba
First IBL Modaraba (PSX: FIBLM) is a Pakistan Stock Exchange-listed, multipurpose Islamic financial institution that commenced operations on October 19, 1989. Managed by IBL Modaraba Management (Private) Limited, it undertakes financing and business activities using Islamic modes such as Ijarah, Musharaka and Murabaha. The modaraba reported total income from operations of Rs. 54.45 million and profit after taxation of Rs. 26.84 million for FY2025. It was listed as Shariah-compliant in the PSX-KMI All Share Islamic Index review effective June 5, 2026. However, the official PSX company page displays a Risk Warning Alert concerning potential suspension or delisting, which investors should examine carefully alongside the latest financial statements and regulatory disclosures.
Modarabas
First Imrooz Modaraba
First Imrooz Modaraba (PSX: FIMM) is a Pakistan Stock Exchange-listed, multipurpose modaraba formed in 1993 and operational since 1994. Unlike modarabas primarily focused on financial services, it specializes in trading industrial raw materials for industries including paints and coatings, pharmaceuticals, food, agriculture, personal care, household products and textiles. For FY2026, PSX reports sales of approximately Rs. 1.054 billion and total income of Rs. 1.059 billion. The Board approved a final profit distribution of Rs. 10 per certificate for FY2026. FIMM was listed as Shariah-compliant in the PSX-KMI All Share Islamic Index review effective June 5, 2026. Investors should also review the Risk Warning Alert currently displayed on the official PSX company page, which identifies potential suspension or delisting risk.
Modarabas
First Paramount Modaraba
First Paramount Modaraba (PSX: FPRM) is a Pakistan Stock Exchange-listed Islamic financial institution managed by Paramount Investments Limited. Its activities include Islamic financing arrangements such as Murabaha, Musharakah and Modaraba, alongside business services operating under brands including FPM Petro Services, FPM Solutions and FPM AML-Check. The company was included as Shariah-compliant in the PSX-KMI All Share Islamic Index review effective 5 June 2026. However, PSX displays a Risk Warning Alert regarding continuing regulatory violations and possible suspension or delisting. Investors should review the latest financial statements, regulatory announcements and Shariah-screening status before making an investment decision.
Modarabas
First Punjab Modaraba
First Punjab Modaraba (PSX: FPJM) is a Pakistani Islamic financial institution incorporated in 1991 and managed by Punjab Modaraba Services (Private) Limited. Its principal activities include Ijarah leasing, Musharakah and Murabaha financing, equity investments and related business conducted under Islamic financial principles. The modaraba was listed as Shariah-compliant in the PSX-KMI All Share Islamic Index recomposition effective June 5, 2026. Financial performance remains an important consideration: it reported a net loss of Rs. 172.92 million for the year ended December 31, 2025 and a further net loss of Rs. 16.41 million for the half year ended June 30, 2026. Investors should review its financing portfolio, credit risk, funding costs, cash flows and latest regulatory disclosures before assessing its certificates.
Modarabas
First Treet Manufacturing Modaraba
First Treet Manufacturing Modaraba (PSX: FTMM) is a Pakistani Islamic financial institution managed by Treet Holdings Limited. Its manufacturing operations include corrugated packaging, soaps and batteries. For FY2026, net turnover increased to Rs. 4.163 billion from Rs. 3.793 billion in FY2025, while profit after taxation rose to Rs. 119.924 million and EPS reached Rs. 0.613. An interim cash dividend of Rs. 1.50 per certificate was declared during FY2026, with no additional final dividend proposed in the annual results announcement. The company was marked Shariah-compliant in the PSX-KMI All Share Islamic Index review effective 5 June 2026. However, PSX displays a Risk Warning Alert concerning regulatory violations and possible suspension or delisting. The proposed transfer of its corrugation and soap segments to Treet Packaging Limited is another important corporate development for investors to monitor.
Modarabas
First Tri-Star Modaraba
First Tri-Star Modaraba (PSX: FTSM) is a perpetual, multipurpose Modaraba managed by A.R.T. Modaraba Management (Private) Limited. Its activities include investment transactions and operating an educational institution, Imperial Tutorial College. For FY2026, academic revenue was Rs. 23.083 million, profit after taxation was Rs. 4.907 million and EPS was Rs. 0.23, compared with a restated FY2025 loss of Rs. 15.030 million and negative EPS of Rs. 0.71. The board recommended no dividend for FY2026. Although FTSM was marked Shariah-compliant in the PSX-KMI All Share Islamic Index review effective 5 June 2026, PSX displays a Risk Warning Alert concerning regulatory violations and possible suspension or delisting. The annual report also records a substantial negative investment-revaluation movement in other comprehensive income. Investors should review these issues alongside the company's earnings, market valuation and regulatory disclosures.
Cement
Flying Cement Company Limited
Flying Cement Company Limited (PSX: FLYNG) is a Pakistani cement manufacturer incorporated in 1992 that began commercial production in January 2005. The company manufactures, markets and sells cement for the construction industry. In FY2026, sales increased to approximately Rs. 14.52 billion from Rs. 11.20 billion in FY2025, while profit after tax declined to approximately Rs. 487.16 million from Rs. 648.82 million. Earnings per share fell from Rs. 0.93 to Rs. 0.70, and no dividend was recommended for FY2026. FLYNG was listed as Shariah-compliant in the KMI All Share Islamic Index review based on June 2025 data; investors should verify the latest screening status. The official PSX page also displays a Risk Warning Alert concerning potential suspension or delisting, making regulatory status a key consideration.
Food & Personal Care Products
FrieslandCampina Engro Pakistan Limited
FrieslandCampina Engro Pakistan Limited (PSX: FCEPL) is a Pakistani dairy and consumer-products company that manufactures, processes and markets dairy-based products and frozen desserts. Its well-known brands include Olper’s, Tarang and Omore. For FY2025, FCEPL reported net sales of approximately Rs. 104.45 billion, profit after tax of Rs. 2.69 billion and earnings per share of Rs. 3.51. In the six months ended June 30, 2026, the company reported net sales of approximately Rs. 58.86 billion and profit after tax of Rs. 4.40 billion. FCEPL appeared as Shariah-compliant in the PSX-KMI All Share screening information for the period ended December 31, 2025, effective June 5, 2026. Investors should verify the latest screening status because classifications can change. **Important:** The PSX company page displays a Risk Warning Alert concerning continuous violation of specified listing-regulation clauses and the risk of trading suspension or delisting. Review the latest official PSX notice and company announcements before making investment decisions.
Glass & Ceramics
Frontier Ceramics Limited
Frontier Ceramics Limited (PSX: FRCL) is a Pakistani manufacturer of ceramic wall and floor tiles and related products marketed under its Forte brand. Incorporated in July 1982, the company serves the domestic construction and building-materials market. It was included as Shariah-compliant in the PSX-KMI All Share Islamic Index recomposition effective 5 June 2026. For FY2026, net sales reached approximately Rs. 4.821 billion and profit after taxation was approximately Rs. 165.19 million, with earnings per share of Rs. 4.36. However, the annual results include a qualified audit opinion concerning recovery of a Rs. 750.84 million advance paid to the CEO for a proposed land purchase. PSX also displays a Risk Warning Alert concerning regulatory violations and possible suspension or delisting. Investors should assess these issues alongside the company's operating performance and current disclosures.
Textile Spinning
Gadoon Textile Mills Limited
Gadoon Textile Mills Limited (PSX: GADT) is a Pakistan-based textile manufacturer incorporated in 1988. Its principal business activities include manufacturing and selling yarn and knitted bedding products, providing dyeing services, and producing and selling milk. The company operates within Pakistan’s textile value chain, where profitability can be influenced by cotton and other raw-material prices, energy costs, financing expenses, exchange-rate movements, export demand, and domestic economic conditions. For the financial year ended June 30, 2026, Gadoon Textile Mills reported net sales of approximately Rs 75.996 billion, profit after tax of Rs 2.629 billion, and earnings per share of Rs 93.78. Compared with FY2025, reported sales increased by approximately 7.1% and profit after tax increased by approximately 9.9%. Shareholders approved a cash dividend of Rs 5 per share at the September 28, 2026 annual general meeting. GADT appeared as Shariah-compliant in the PSX-KMI All Share Islamic Index review effective June 5, 2026, based on company accounts as of December 31, 2025. The company also announced an SECP Shariah Compliance Certificate in October 2026. Investors should nevertheless review the latest screening information before investing. **Important risk consideration:** The Pakistan Stock Exchange’s company page displays a Risk Warning Alert referring to continuous violations of specified exchange clauses and the potential risk of suspension or delisting. This alert warrants careful investigation alongside the company’s financial performance and valuation. This profile is intended to support informed research, not to predict returns or recommend a transaction.
Synthetic & Rayon
Gatron (Industries) Limited
Gatron (Industries) Limited (PSX: GATI) is a Pakistani manufacturer incorporated in 1980. Its main business is the production of polyester filament yarn using its own polyester polymer/chips, along with PET preforms and other polyester-based products. The company operates in the synthetic and rayon sector and serves customers in Pakistan’s textile and packaging value chains. For the financial year ended June 30, 2026, GATI reported standalone sales of approximately Rs 30.147 billion, compared with Rs 26.328 billion in FY2025. Its net loss narrowed from Rs 1.971 billion to Rs 324.682 million, while EPS improved from Rs -18.13 to Rs -2.99. The company returned to operating profitability, reporting operating profit of approximately Rs 1.398 billion, but remained loss-making after finance costs and other items. No dividend was declared for FY2026. GATI was listed as Shariah-compliant in the KMI All Share Islamic Index review effective June 5, 2026. However, its PSX page displays a Risk Warning Alert referring to continuing violations of specified exchange clauses and potential suspension or delisting risk. This regulatory warning is a material consideration and should be reviewed alongside the company’s financial recovery, debt position, cash flows, and restructuring developments.
Automobile Assembler
Ghandhara Automobiles Limited
Ghandhara Automobiles Limited (PSX: GAL), formerly known as Ghandhara Nissan Limited, is a Pakistani automobile assembler incorporated in 1981. The company is a subsidiary of Bibojee Services (Private) Limited and operates in vehicle assembly, progressive manufacturing, spare-parts sales, and the import and sale of selected vehicles. Its activities include JAC trucks and pick-ups, along with imported Nissan, Dongfeng and Renault vehicles. For the financial year ended June 30, 2026, GAL reported standalone revenue of approximately Rs 28.834 billion, profit after tax of Rs 3.465 billion, and EPS of Rs 60.79. On a consolidated basis, revenue was approximately Rs 47.047 billion, profit after tax was Rs 6.418 billion, and EPS was Rs 112.58. These are different reporting bases and should not be compared as though they were the same set of figures. Shareholders approved a final cash dividend of Rs 12 per share for FY2026, which the company reported as credited in October 2026. GAL appeared as Shariah-compliant in the KMI All Share Islamic Index review effective June 5, 2026. **Important risk consideration:** The PSX company page displays a Risk Warning Alert referring to continuing violations of specified exchange clauses and possible suspension or delisting. Investors should investigate the current exchange notice and its status alongside the company’s financial performance, valuation, and business outlook.
Automobile Assembler
Ghandhara Industries Limited
Ghandhara Industries Limited (PSX: GHNI) is a Pakistani automobile assembler engaged in the assembly, progressive manufacturing and sale of Isuzu trucks, buses and pickup vehicles. For FY2026, PSX standardized financial data reports sales of Rs.60.66 billion, profit after tax of Rs.6.93 billion and EPS of Rs.162.57. Sales and earnings increased compared with FY2025. Investors should monitor commercial vehicle demand, transport and infrastructure activity, financing costs, imported component prices, currency movements and competition. The company’s PSX profile displays a Risk Warning Alert concerning potential trading suspension or delisting; investors should check the latest exchange notice. Current Shariah screening status should be verified from the latest official notice before publication.
Automobile Parts & Accessories
Ghandhara Tyre & Rubber Company Limited
Ghandhara Tyre & Rubber Company Limited (PSX: GTYR), formerly known as The General Tyre and Rubber Company of Pakistan Limited, is a Pakistani tyre manufacturer established in 1963. Based in Karachi, the company manufactures and markets tyres for passenger cars, SUVs, light and heavy commercial vehicles, motorcycles, tractors, and other applications. Its products serve original equipment manufacturers, replacement markets, institutional customers, and export markets. For FY2026, the company reported net sales of approximately Rs16.85 billion, compared with Rs17.80 billion in FY2025. Its net loss widened from Rs366.08 million to Rs1.007 billion, and loss per share increased from Rs3.00 to Rs8.26. The deterioration in profitability makes gross margins, production utilization, financing costs, and working-capital management important areas for fundamental analysis. GTYR was classified as Shariah-compliant in the PSX KMI All Share screening published in May 2026, based on December 2025 financial statements. The company also published mandatory Shariah disclosures for FY2026 in October 2026; investors should review these newer disclosures and the latest official screening before relying on the earlier classification. **Important regulatory warning:** The official PSX company page displays a Risk Warning Alert stating that the company is in continuous violation of specified exchange clauses and may face suspension of trading or delisting. This material risk must be considered separately from the company's Shariah status and financial performance. Sources: [PSX company profile and financials](https://dps.psx.com.pk/company/GTYR) | [GTR company profile](https://www.gtr.com.pk/profile-of-company/) | [PSX KMI screening](https://dps.psx.com.pk/download/attachment/277899-1.pdf)
Chemicals
Ghani Chemical Industries Limited
Ghani Chemical Industries Limited (PSX: GCIL) is a Pakistani manufacturer and supplier of medical and industrial gases. Incorporated in 2015 and listed on the Pakistan Stock Exchange in 2022, the company supplies gases including oxygen, nitrogen, and argon to healthcare institutions and industrial customers across sectors such as steel, engineering, oil and gas, pharmaceuticals, food processing, and manufacturing. For the financial year ended June 30, 2026, GCIL reported standalone net sales of approximately Rs 8.280 billion, profit after tax of Rs 2.861 billion, and EPS of Rs 5.02. Compared with FY2025, net sales increased by approximately 11.4% and profit after tax increased by approximately 43.5%. The board recommended no cash dividend for FY2026. GCIL was listed as Shariah-compliant in the KMI All Share Islamic Index review effective June 5, 2026, with a non-compliant income ratio of 2.40% in that review. PACRA maintained its A long-term and A1 short-term credit ratings with a Positive outlook in May 2026. **Important regulatory consideration:** The PSX company page displays a Risk Warning Alert referring to continuing violations of specified exchange clauses and possible suspension or delisting. Investors should review the current PSX notice and the company's subsequent disclosures before assessing the stock.
Chemicals
Ghani ChemWorld Limited
Ghani ChemWorld Limited (PSX: GCWL) is a Pakistani chemical manufacturer established to operate the calcium carbide project transferred from Ghani Chemical Industries Limited under a court-sanctioned scheme of arrangement. Incorporated in July 2024 and listed on the Pakistan Stock Exchange on April 24, 2025, the company operates its manufacturing facility at Hattar Special Economic Zone in District Haripur, Khyber Pakhtunkhwa. The company's main business is calcium carbide production, with plans to expand into other chemical products, including precipitated calcium carbonate (PCC). Calcium carbide serves industrial applications, while PCC is used in industries such as paints, paper, and rubber. For FY2026, the audited financial statements reported revenue of Rs 312.36 million, an operating loss of Rs 164.59 million, profit after tax of Rs 67.39 million, and EPS of Rs 0.27. The reported profit was supported by Rs 352.04 million in the share of profit from an associated company, so investors should distinguish accounting earnings from the profitability of the core manufacturing operation. GCWL was classified as Shariah-compliant in the KMI All Share Islamic Index review effective June 5, 2026, with a reported non-compliant income ratio of 0.00% in that review. VIS assigned A- long-term and A2 short-term credit ratings with a Stable outlook in January 2026. **Material operational development:** On October 19, 2026, GCWL disclosed that production had been suspended because disruptions affecting Gulf maritime routes, ports, and export orders prevented it from fulfilling exports. The company said existing inventory was available for domestic sales and that it would notify the PSX when production resumed. Investors should monitor subsequent official announcements before assessing the company's operating outlook.
Food & Personal Care Products
Ghani Dairies Limited
Ghani Dairies Limited (PSX: GDL) is a Pakistani dairy farming company engaged primarily in the production and sale of raw milk. Incorporated in October 2020, the company began commercial operations in October 2021 and was listed on the Pakistan Stock Exchange on February 19, 2026. The company operates a modern dairy farm in Rahdari, Noor Pur Thal, District Khushab, Punjab, using automated milking systems and controlled livestock housing. Its business depends on herd productivity, animal health, feed costs, milk quality, farm efficiency, and demand from milk processors and other buyers. For the financial year ended June 30, 2026, GDL reported revenue of approximately Rs 2.190 billion, operating profit of Rs 757.30 million, profit after tax of Rs 697.68 million, and EPS of Rs 1.92. Revenue increased approximately 23.2%, while profit after tax grew approximately 57.1% compared with FY2025. The board recommended no dividend for FY2026, retaining resources for business expansion. GDL was classified as Shariah-compliant in the KMI All Share Islamic Index review effective June 5, 2026, based on accounts as of December 31, 2025. The review reported a non-compliant income ratio of 0.16%. **Important regulatory disclosure:** The official PSX company page displays a Risk Warning Alert referring to continuing violations of specified exchange clauses and possible suspension or delisting. Investors should examine the latest exchange notices and company disclosures before evaluating the shares.
Glass & Ceramics
Ghani Glass Limited
Ghani Glass Limited (PSX: GHGL) is a Pakistani manufacturer of glass containers and float glass, serving pharmaceutical, food and beverage packaging, and industrial markets. Incorporated in 1992, the company operates from Lahore and is listed on the Pakistan Stock Exchange. For FY2026, it reported standalone sales of approximately Rs48.36 billion, profit after tax of Rs7.23 billion and EPS of Rs7.23, compared with Rs45.78 billion in sales and Rs5.90 billion in profit after tax in FY2025. The company was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index recomposition published in May 2026, using December 2025 data. However, the official PSX profile displays a Risk Warning Alert concerning continuous regulatory non-compliance and possible suspension or delisting. Investors should review the latest exchange notices, financial statements, dividend announcements and Shariah screening results before evaluating the shares.
Glass & Ceramics
Ghani Global Glass Limited
Ghani Global Glass Limited (PSX: GGGL) is a Pakistani manufacturer of pharmaceutical-grade glass tubing, glassware, vials and ampoules. Incorporated in 2007, the company commenced commercial operations in April 2016 and became listed on the Pakistan Stock Exchange following a merger in December 2014. It is part of Ghani Global Holdings Limited and serves pharmaceutical and related industrial markets. PSX-standardized standalone financial data reports FY2026 sales of Rs2.90 billion, profit after tax of Rs135.04 million and EPS of Rs0.57. Although the company remained profitable, earnings declined substantially from FY2025. GGGL was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index review effective June 5, 2026, based on December 2025 accounts. Investors should review subsequent financial statements, the company's financing and operating costs, and the latest Shariah screening results before evaluating the shares.
Chemical
Ghani Global Holdings Limited
Ghani Global Holdings Limited (PSX: GGL) is a Pakistani investment holding company and the principal holding company of Ghani Global Group. Incorporated in 2007 and listed on the Pakistan Stock Exchange in January 2010, it manages investments in subsidiaries and associated companies operating in industrial gases, chemicals, pharmaceutical glass and related businesses. For FY2026, the group reported consolidated sales of Rs11.20 billion, consolidated profit after tax of Rs2.69 billion and consolidated EPS of Rs4.15, down from Rs4.18 billion and Rs8.94 EPS in FY2025. The standalone holding company reported profit after tax of Rs22.40 million and EPS of Rs0.06. GGL was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index recomposition published in May 2026, based on December 2025 data. The official PSX profile also displays a Risk Warning Alert regarding continuous regulatory non-compliance and possible suspension or delisting, making verification of the latest regulatory position essential.
Glass & Ceramics
Ghani Value Glass Limited
Ghani Value Glass Limited (PSX: GVGL) is a Pakistani glass manufacturer incorporated in 1967 and headquartered in Lahore. The company manufactures and trades a range of glass products, including mirrors, tempered glass, laminated glass, bullet-resistant glass, printed and painted glass, and appliance glass. It operates within the Glass & Ceramics sector and is associated with the wider Ghani Group. For FY2026, the company reported net revenue of approximately Rs6.972 billion, up from Rs6.062 billion in FY2025. Profit after tax declined to Rs985.59 million from Rs1.085 billion, while earnings per share decreased from Rs7.23 to Rs6.57. The company attributed the decline in net profit to a higher income-tax burden despite improved revenue and gross profit. GVGL was classified as Shariah-compliant in the PSX KMI All Share screening published on May 29, 2026, based on financial statements through December 2025. The screening reported debt, non-compliant investment, and non-compliant income ratios of 0.00%. These ratios belong to that specific review period and should not be presented as FY2026 screening results. For FY2026, the board recommended a final cash dividend of Rs1.00 per share in addition to a 10% interim dividend already paid. The final dividend was scheduled for shareholder consideration at the October 28, 2026 AGM; its approval and payment must be verified through subsequent official announcements. Sources: [PSX company profile](https://dps.psx.com.pk/company/GVGL) | [Company investor relations](https://ghanivalueglass.com/investor-relations/) | [PSX KMI screening](https://dps.psx.com.pk/download/attachment/277899-1.pdf)
Cement
Gharibwal Cement Limited
Gharibwal Cement Limited (PSX: GWLC) is a Pakistani cement manufacturer incorporated on December 29, 1960. The company is engaged in the production and sale of cement and operates in Pakistan's cement industry, where demand is influenced by construction activity, infrastructure spending, energy prices, freight costs, and competition. For FY2026, GWLC reported net sales of approximately Rs22.313 billion, compared with Rs19.687 billion in FY2025. Profit after tax increased to Rs2.345 billion from Rs2.205 billion, while earnings per share rose to Rs5.86 from Rs5.51. However, the quarter ended September 30, 2026, showed a significant deterioration. Net sales fell to approximately Rs3.852 billion from Rs4.928 billion in the corresponding quarter of the previous year, while profit after tax declined to Rs9.07 million from Rs277.58 million. Investors should investigate the causes of this quarterly decline before drawing conclusions about future earnings. GWLC was classified as Shariah-compliant in the PSX KMI All Share screening published in May 2026, based on financial statements through December 2025. The company also has a material PSX Risk Warning Alert concerning possible suspension of trading or delisting. This regulatory issue should be reviewed independently of its financial performance and Shariah status. Sources: [Official PSX profile](https://dps.psx.com.pk/company/GWLC) | [Official KMI screening](https://www.psx.com.pk/psx/themes/psx/uploads/PSX-N-610-KMI30-re-compostion-Dec25.pdf) | [Q1 FY2027 results](https://www.investify.pk/announcements/GWLC/dps-pdf-286774)
Pharmaceuticals
GlaxoSmithKline Pakistan Limited
GlaxoSmithKline Pakistan Limited (PSX: GLAXO) is a pharmaceutical company engaged in manufacturing and marketing research-based medicines and other pharmaceutical products in Pakistan. It is part of the global GSK group and operates across therapy areas including anti-infectives, dermatology, analgesics, and vaccines. For the year ended December 31, 2025, the company reported sales of approximately Rs65.90 billion, profit after tax of Rs10.03 billion, and earnings per share of Rs31.48. Its financial performance, product portfolio, manufacturing operations, regulatory environment, and cash-flow position are important factors for fundamental analysis. GLAXO was classified as Shariah-compliant in the PSX KMI All Share screening published in May 2026, based on financial statements available through December 2025. Investors should check subsequent screening updates before making decisions. **Important:** The official PSX company page displays a Risk Warning Alert stating that the company is in continuous violation of specified exchange clauses and carries a risk of trading suspension or delisting. Investors should review the latest PSX disclosures and understand this regulatory risk before evaluating the stock. Sources: [PSX company profile and financials](https://dps.psx.com.pk/company/GLAXO) | [GSK Pakistan](https://pk.gsk.com/en-pk/company/) | [PSX KMI screening notice](https://www.psx.com.pk/psx/files/?file=277899-1.pdf)
Sports Goods Manufacturing
GOC (Pakistan) Limited
GOC (Pakistan) Limited (PSX: GOC) is a Pakistani sports goods manufacturer based in Sialkot. Incorporated in 1964, the company manufactures and sells cricket balls, hockey balls, and other sporting goods. Its business includes supplying products under its own brand and manufacturing for other brands. For the financial year ended June 30, 2026, GOC reported revenue of approximately Rs508.78 million, profit after tax of Rs52.47 million, and earnings per share of Rs7.14. Compared with FY2025, revenue increased from Rs472.32 million and profit after tax rose from Rs25.83 million. However, operating cash flow was negative in FY2026, making cash conversion an important area for investors to examine. GOC was classified as Shariah-compliant in the PSX KMI All Share screening published in May 2026, based on December 2025 financial statements. Its reported non-compliant income ratio was 0.23%. **Important regulatory risk:** The official PSX profile displays a Risk Warning Alert concerning continuous violation of specified exchange clauses and the risk of trading suspension or delisting. This alert is material and should be reviewed alongside the company's financial performance and Shariah status. Sources: [PSX profile and financials](https://dps.psx.com.pk/company/GOC) | [FY2026 financial statements](https://dps.psx.com.pk/download/document/282979.pdf) | [Official Shariah screening](https://dps.psx.com.pk/download/attachment/277899-1.pdf)
Sugar & Allied Industries
Habib Rice Products Limited
Habib Rice Products Limited (PSX: HRPL) is a Pakistan Stock Exchange-listed manufacturer of rice-based starches, sugars and proteins. Incorporated in 1980, the company operates from Karachi and has a manufacturing facility at Hub, Balochistan. Its products serve industrial and food-related applications, making production efficiency, raw-material availability, customer demand and operating costs important factors in its performance. In FY2026, HRPL reported sales of Rs2.288 billion and a net loss of Rs87.575 million, compared with sales of Rs2.136 billion and a net loss of Rs155.712 million in FY2025. Although the loss narrowed, the company remained unprofitable. HRPL was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index recomposition published in May 2026, based on December 2025 financial statements. Investors should monitor the latest financial results, cash flow, profitability and updated official Shariah screening status.
Textile Composite (PSX classification); Rental Income from Investment Properties
Hafiz Limited
Hafiz Limited (PSX: HAFL) is a Pakistan Stock Exchange-listed company incorporated in 1951. According to the official PSX company profile, its principal activity is earning rental income from investment properties. For FY2026, the company reported rental income of Rs43.16 million, profit after tax of Rs58.45 million and earnings per share of Rs48.71, compared with Rs39.29 million, Rs52.89 million and Rs44.08, respectively, in FY2025. The final cash dividend of Rs3.00 per share for FY2026 was approved at the company's October 22, 2026 AGM. Hafiz Limited was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index recomposition published in May 2026, based on December 2025 financial statements. However, PSX also displays a Risk Warning Alert concerning continuous exchange-rule violations and potential suspension or delisting. Investors should review the latest official disclosures and Shariah screening before making decisions.
Pharmaceuticals
Haleon Pakistan Limited
Haleon Pakistan Limited (PSX: HALEON) is a listed consumer healthcare company manufacturing, marketing and selling over-the-counter health products in Pakistan. Formerly known as GlaxoSmithKline Consumer Healthcare Pakistan Limited, it became part of the independent Haleon group following the consumer healthcare demerger. Its product portfolio includes well-known brands in pain relief, oral health, respiratory health and vitamins and supplements. For 2025, the company reported revenue of Rs43.106 billion, profit after tax of Rs6.373 billion and EPS of Rs54.45. Its latest reviewed 2026 quarterly results, for the quarter ended June 30, reported revenue of Rs10.072 billion and profit after tax of Rs1.676 billion. Haleon Pakistan was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index recomposition published in May 2026, based on December 2025 financial statements. However, the official PSX profile displays a Risk Warning Alert concerning continuous exchange-rule violations and potential trading suspension or delisting. Investors should verify the latest exchange notices and Shariah screening before making decisions.
Oil & Gas Marketing Companies
Hi-Tech Lubricants Limited
Hi-Tech Lubricants Limited (PSX: HTL) is a Pakistan Stock Exchange-listed company engaged in the procurement, blending, marketing and distribution of lubricants and petroleum products. Its business has expanded beyond lubricants into petroleum retail and automotive services, including HTL Fuel Stations and HTL Express Centers. In FY2026, the company reported sales of Rs36.973 billion, profit after tax of Rs413.222 million and EPS of Rs2.97, compared with a net loss of Rs318.781 million in FY2025. HTL was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index recomposition published in May 2026, based on December 2025 financial data. However, the official PSX company page currently displays a Risk Warning Alert regarding potential suspension of trading or delisting. Investors should review the exchange notice, the company's latest disclosures, its financial performance and the latest Shariah screening before making investment decisions.
Automobile Assembler
Hinopak Motors Limited
Hinopak Motors Limited (PSX: HINO) is a Pakistan Stock Exchange-listed commercial vehicle assembler and manufacturer specializing in Hino trucks, buses, spare parts and accessories. The company is a subsidiary of Hino Motors Limited of Japan, with Toyota Motor Corporation as its ultimate parent. For the financial year ended March 31, 2026, Hinopak reported sales of Rs11.001 billion, profit after tax of Rs541.253 million and EPS of Rs21.82, compared with sales of Rs10.337 billion, profit after tax of Rs161.957 million and EPS of Rs6.53 in FY2025. It was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index recomposition published in May 2026, based on December 2025 financial statements. However, the official PSX company page displays a Risk Warning Alert concerning continuous exchange-rule violations and potential suspension or delisting. Investors should review the latest financial statements, Shariah screening and exchange notices before making investment decisions.
Pharmaceuticals
Hoechst Pakistan Limited
Hoechst Pakistan Limited (PSX: HPL) is a Pakistan Stock Exchange-listed pharmaceutical company engaged in manufacturing, selling and trading pharmaceutical and related products. Incorporated in 1967, the company operates from Korangi Industrial Area, Karachi, and reports its financial results on a calendar-year basis. In FY2025, Hoechst Pakistan reported sales of Rs30.929 billion, profit after tax of Rs2.910 billion and EPS of Rs301.67, compared with sales of Rs26.748 billion and profit after tax of Rs1.857 billion in FY2024. For the quarter ended September 30, 2026, it reported sales of Rs7.790 billion, profit after tax of Rs614.346 million and EPS of Rs63.70. HPL was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index recomposition published in May 2026, based on December 2025 financial statements. Investors should monitor quarterly profitability, product and regulatory developments, dividend sustainability and any changes in the company's latest Shariah screening status.
Automobile Assembler
Honda Atlas Cars (Pakistan) Limited
Honda Atlas Cars (Pakistan) Limited (PSX: HCAR) is a listed automobile assembler and a joint venture between Honda Motor Co., Japan, and Pakistan’s Atlas Group. The company assembles and progressively manufactures Honda vehicles and sells vehicles and spare parts in Pakistan. For the financial year ended March 31, 2026, it reported sales of Rs122.283 billion, profit after tax of Rs3.234 billion and EPS of Rs22.64, compared with sales of Rs78.066 billion and profit after tax of Rs2.709 billion in FY2025. A dividend of Rs9 per share was declared for FY2026. HCAR was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index recomposition published in May 2026 and was included in the KMI-30 recomposition. However, the official PSX company page displays a Risk Warning Alert concerning exchange-rule violations and potential suspension or delisting. Investors should review the latest financial statements, Shariah screening and PSX notices before making investment decisions.
Automobile Assembler
Honda Atlas Cars (Pakistan) Limited
Honda Atlas Cars (Pakistan) Limited (PSX: HCAR) assembles and sells Honda vehicles and spare parts in Pakistan. For FY2026, PSX standardized financial data reports sales of Rs.122.28 billion, profit after tax of Rs.3.23 billion and EPS of Rs.22.64. The company declared a final cash dividend of Rs.9 per share for the year ended March 31, 2026. HCAR’s performance depends on vehicle demand, consumer purchasing power, exchange rates, import policies, production costs and competition. Its PSX profile also displays a Risk Warning Alert relating to potential suspension or delisting, which investors should review alongside the latest official disclosures.
Pharmaceuticals
IBL HealthCare Limited
IBL HealthCare Limited (PSX: IBLHL) is a Pakistani healthcare-products distribution and marketing company incorporated in 1997 and listed on the Pakistan Stock Exchange. Its principal activities include marketing, selling and distributing healthcare and pharmaceutical products across categories including nutrition, sweeteners and beverages, and medical and surgical disposables. The company is a subsidiary of The Searle Company Limited. In FY2026, IBL HealthCare reported revenue of Rs4.607 billion, profit after tax of Rs220.402 million and EPS of Rs2.24, compared with revenue of Rs4.322 billion and profit after tax of Rs208.371 million in FY2025. The board declared no cash dividend for FY2026. IBLHL was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index recomposition published in May 2026, based on December 2025 financial data. Investors should also note that PSX currently displays a Risk Warning Alert concerning potential trading suspension or delisting, making the latest exchange notices essential reading.
Synthetic & Rayon
Ibrahim Fibres Limited
Ibrahim Fibres Limited (PSX: IBFL) is a Pakistani listed industrial company engaged in the manufacture and sale of polyester staple fibre and textile yarn. Incorporated in 1986, the company operates polyester and spinning facilities in Punjab, supported by in-house power-generation facilities. In FY2025, Ibrahim Fibres reported sales of Rs104.457 billion, profit after tax of Rs932.914 million and EPS of Rs3.00. For the quarter ended September 30, 2026, sales reached Rs27.957 billion and profit after tax was Rs631.936 million, compared with Rs151.843 million in the corresponding quarter of 2025. However, the company reported a net loss of Rs271.266 million for the first nine months of 2026. Ibrahim Fibres was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index recomposition published in May 2026, based on December 2025 financial data. Investors should monitor margins, financing costs, cash flow, textile-sector demand and the latest official Shariah screening.
Textile Spinning
Idrees Textile Mills Limited
Idrees Textile Mills Limited (PSX: IDRT) is a Pakistani textile manufacturer incorporated in 1990 and listed on the Pakistan Stock Exchange in 1992. Its principal business includes the manufacturing and sale of yarn, fabric, and home-textile products. The company’s product range includes cotton, polyester-viscose, modal, viscose, and other yarn varieties, alongside home textiles such as towels and bathrobes. IDRT was classified as Shariah-compliant in the PSX-KMI screening recomposition dated May 15, 2026. Investors should review its financial performance, financing costs, cash flows, and the latest official Shariah screening before making investment decisions.
Apparel
Image Pakistan Limited
Image Pakistan Limited (PSX: IMAGE) is a Pakistani apparel and textile company incorporated on November 14, 1990. It manufactures and sells embroidered fabrics and ready-to-wear garments under its Image fashion brand. For FY2026, the company reported sales of approximately Rs3.727 billion, profit after taxation of Rs547.416 million, and earnings per share of Rs2.38. Image Pakistan was classified as Shariah-compliant in the PSX-KMI All Share Index recomposition dated May 29, 2026. However, its PSX company page displays a Risk Warning Alert concerning potential trading suspension or delisting, which investors should review alongside the latest company disclosures.
Real Estate Investment Trust
Image REIT
Image REIT (PSX: IREIT) is a Shariah-compliant hybrid real estate investment trust listed on the Pakistan Stock Exchange in October 2025. Established under a trust deed dated July 1, 2022, the scheme is managed by Sinolink REIT Management Company Limited and holds commercial properties in Karachi, including properties around Shahrah-e-Faisal and Tipu Sultan Road. Its investment objective is to generate income through property rental and potentially through property development and sale. For FY2026, Image REIT reported profit of approximately Rs991.54 million, including a substantial unrealised gain from property revaluation. Investors should distinguish recurring rental income and distributable cash from accounting gains when evaluating its distributions and unit price.
Textile Composite
Interloop Limited
Interloop Limited (PSX: ILP) is a Pakistani vertically integrated textile and apparel manufacturer incorporated in 1992 and listed on the Pakistan Stock Exchange in 2019. Its business spans hosiery, denim, knitted apparel, seamless activewear, and yarn, serving international brands, retailers, and textile customers. For FY2026, the company reported standalone sales of approximately Rs182.84 billion, profit after taxation of Rs13.15 billion, and EPS of Rs9.38 on its official investor-information page. Interloop was classified as Shariah-compliant in the PSX-KMI All Share Index recomposition dated May 29, 2026. However, PSX currently displays a Risk Warning Alert concerning potential trading suspension or delisting; investors should review the latest exchange disclosures before evaluating the stock.
Engineering
International Industries Limited
International Industries Limited (PSX: INIL) is a Pakistani engineering and manufacturing company established in 1948. It manufactures and markets galvanized steel pipes, precision steel tubes, API line pipes, structural hollow sections, stainless-steel tubes, polymer pipes, and fittings. The company also provides customized construction solutions. For FY2026, PSX-reported standalone figures show sales of approximately Rs29.07 billion, profit after taxation of Rs1.60 billion, and earnings per share of Rs12.16. INIL was classified as Shariah-compliant in the PSX-KMI All Share Index recomposition dated May 29, 2026. However, PSX displays a Risk Warning Alert concerning potential trading suspension or delisting, which investors should investigate through current official announcements.
Apparel
International Knitwear Limited
International Knitwear Limited (PSX: INKL) is a Pakistani apparel manufacturer engaged in developing, manufacturing, and exporting knitted and woven garments. The company is listed on the Pakistan Stock Exchange and was classified as Shariah-compliant in the PSX-KMI All Share Index recomposition dated May 29, 2026. For FY2025, PSX-reported sales were approximately Rs1.21 billion, profit after taxation was Rs30.86 million, and EPS was Rs3.19. Investors should review newer annual and quarterly reports, export demand, operating margins, financing costs, and working-capital requirements when researching the company.
Engineering
International Steels Limited
International Steels Limited (PSX: ISL) is a Pakistani flat-steel manufacturer and exporter incorporated in 2007 and listed on the Pakistan Stock Exchange in 2011. The company produces cold-rolled, galvanized and colour-coated steel coils and sheets for industrial, construction, appliance and other manufacturing applications. It is a subsidiary of International Industries Limited. For FY2026, ISL reported revenue of approximately Rs93.35 billion, profit after tax of Rs3.67 billion, and EPS of Rs8.44. Its first-quarter FY2027 results also showed year-on-year growth in revenue and profitability. ISL was classified as Shariah-compliant in the PSX-KMI All Share Index recomposition dated May 29, 2026. Investors should assess steel-market cycles, raw-material costs, borrowing requirements, cash flows and valuation alongside the latest official disclosures.
Food & Personal Care Products
Ismail Industries Limited
Ismail Industries Limited (PSX: ISIL) is a Pakistani manufacturer of confectionery, biscuits, snacks, food products, and flexible packaging films. Incorporated in 1988, the company operates well-known brands including CandyLand, Bisconni, SnackCity, Ghiza, Ismail Nutrition, and Astro Films. For FY2026, it reported sales of approximately Rs104.30 billion, profit after taxation of Rs3.95 billion, and EPS of Rs59.59, compared with Rs5.75 billion in profit and EPS of Rs86.64 in FY2025. ISIL was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index recomposition dated May 29, 2026. However, PSX displays a Risk Warning Alert concerning possible suspension of trading or delisting, which investors should review carefully.
Technology & Communication
Itanz Technologies Limited
Itanz Technologies Limited (PSX: ITANZ), formerly Zahur Cotton Mills Limited, is a Pakistani listed company that has transitioned from textile manufacturing into information technology and IT-enabled services. Its business includes software development, consultancy, implementation, and related technology services. The company was incorporated on April 21, 1990. It was included among the companies added to the PSX-KMI All Share Islamic Index in the recomposition dated May 29, 2026. However, PSX currently displays a Risk Warning Alert concerning continuous regulatory violations and possible suspension of trading or delisting. Investors should investigate this warning and review the latest official disclosures before evaluating the company.
Engineering
Ittefaq Iron Industries Limited
Ittefaq Iron Industries Limited (PSX: ITTEFAQ) is a Pakistani steel manufacturer producing iron bars, girders, and related products for construction and infrastructure applications. Listed on the Pakistan Stock Exchange in July 2017, the company operates in the engineering sector and has its head office in Gulberg III, Lahore. It appears in the SECP Register of Shariah-Compliant Companies dated June 30, 2026. However, the company reported a net loss of approximately Rs322 million for FY2026, and PSX displays a Risk Warning Alert concerning potential suspension of trading or delisting. Investors should review the latest financial statements, exchange announcements, and Shariah screening information before evaluating the company.
Chemical
Ittehad Chemicals Limited
Ittehad Chemicals Limited (PSX: ICL) is a Pakistani industrial chemicals manufacturer listed on the Pakistan Stock Exchange. Its products include caustic soda, liquid chlorine, hydrochloric acid, sodium hypochlorite, calcium chloride, and surfactants such as LABSA and SLES. The company was incorporated in 1991 and privatised in 1995. It is listed as Shariah-compliant in the PSX-KMI All Share Index recomposition dated May 29, 2026. Investors should also review the Risk Warning Alert currently displayed on its PSX company page, which highlights potential suspension of trading or delisting risk.
Textile Spinning
J.A. Textile Mills Limited
J.A. Textile Mills Limited (PSX: JATM) is a Pakistani textile-spinning company incorporated in 1987 that began commercial production in April 1992. Its principal business is manufacturing and selling cotton yarn and polyester-cotton (PC) yarn for domestic and export markets. The company operates a spinning mill in the Faisalabad region and is listed on the Pakistan Stock Exchange. JATM was included in the PSX-KMI All Share Islamic Index recomposition announced on May 29, 2026. Its FY2025 financial results showed sales of approximately Rs1.431 billion and a net loss of Rs42.33 million. Investors should review more recent financial statements, working-capital requirements, and operating margins when evaluating the company.
Textile Spinning
Janana De Malucho Textile Mills Limited
Janana De Malucho Textile Mills Limited (PSX: JDMT) is a Pakistani textile-spinning company incorporated in 1960, with its registered office and manufacturing facility in Habibabad, Kohat. The company manufactures and sells cotton yarn, including fine-count combed and carded yarn for textile applications. JDMT was classified as Shariah-compliant in the PSX-KMI All Share Index recomposition dated May 29, 2026. However, PSX displays a Risk Warning Alert concerning continuous violations and potential suspension of trading or delisting. The company's latest FY2026 results show a net loss of approximately Rs282.27 million. Investors should review the current exchange notices, financial statements, cash flows, and latest Shariah screening before evaluating the stock.
Sugar & Allied Industries
JDW Sugar Mills Limited
JDW Sugar Mills Limited (PSX: JDWS) is a Pakistani industrial company incorporated in 1990. Its core operations include manufacturing and selling crystalline sugar and related by-products, generating electricity through co-generation, producing ethanol, and managing corporate farms. The company operates sugar units in Punjab and Sindh and has a subsidiary, Deharki Sugar Mills (Private) Limited. JDWS was classified as Shariah-compliant in the PSX-KMI All Share Index recomposition dated May 29, 2026. For the nine months ended June 30, 2026, the company reported standalone revenue of approximately Rs81.79 billion and profit after tax of Rs6.81 billion. Investors should also consider its working-capital needs, finance costs, sugar-price volatility, and regulatory developments affecting the sugar industry.
Cement
Lucky Cement Limited
Lucky Cement Limited (PSX: LUCK) is a Pakistani cement manufacturer incorporated in 1993. The company manufactures and markets cement and operates within Pakistan's construction and building-materials industry, with additional international and associated business interests at group level. Explore its financial performance, earnings per share, dividend disclosures, valuation indicators, cement-sector risks, and Shariah-screening information through this PSX Investors Zone company profile.
Exchange Traded Fund (ETF) — Shariah-compliant equity index fund
Mahaana Islamic Index ETF
Mahaana Islamic Index ETF (MIIETF) is a Shariah-compliant equity ETF listed on the Pakistan Stock Exchange. Managed by Mahaana Wealth Limited, it aims to track the Mahaana Islamic Index (MII30), which selects 30 Shariah-compliant companies using free-float market capitalisation and traded-value criteria. MIIETF gives investors exposure to a diversified basket of Pakistani equities through a single exchange-traded instrument. Its market price, portfolio holdings, NAV and performance can change with market conditions. Investors should check the latest official fund documents before investing.
Cement
Maple Leaf Cement Factory Limited
Maple Leaf Cement Factory Limited (PSX: MLCF) is a Pakistani cement manufacturer that produces and sells cement and wall putty. For FY2026, PSX standardized standalone data reports sales of Rs.70.73 billion, profit after tax of Rs.8.45 billion and EPS of Rs.8.06. The company’s FY2026 consolidated results report revenue of Rs.85.15 billion and EPS of Rs.11.34, so investors should distinguish standalone and consolidated figures when comparing performance. MLCF was listed as Shariah-compliant in the PSX KMI-30 review effective June 5, 2026, based on accounts to December 31, 2025. Its PSX profile also displays a Risk Warning Alert concerning potential suspension or delisting, which investors should review carefully.
Oil & Gas Exploration Companies
Mari Energies Limited
Mari Energies Limited (PSX: MARI), formerly Mari Petroleum Company Limited, is a Pakistani energy company engaged in the exploration, production, and sale of hydrocarbons. The company also provides exploration and production-related services and has activities involving mineral mining and technology businesses. Explore its financial performance, earnings, valuation indicators, dividend disclosures, operational risks, and Shariah-screening information through this PSX Investors Zone company profile.
Commercial Banks
Meezan Bank Limited
Meezan Bank Limited (PSX: MEBL) is a Pakistan-based Islamic commercial bank listed on the Pakistan Stock Exchange. Incorporated in 1997, the bank began scheduled Islamic commercial banking operations in 2002. This company profile covers its business model, financial performance, earnings per share, dividend history, valuation indicators, business risks, and Shariah-screening research sources to support informed investor education.
Exchange Traded Fund (ETF) — Shariah-compliant equity
Meezan Pakistan Exchange Traded Fund
Meezan Pakistan Exchange Traded Fund (MZNPETF) is a Shariah-compliant equity ETF listed on the Pakistan Stock Exchange. It provides investors with exposure to a portfolio of selected Shariah-compliant Pakistani equities through a single exchange-traded instrument. Its market price can fluctuate with its underlying holdings, market conditions, trading activity and the relationship between market price and net asset value (NAV). Investors should review the latest portfolio holdings, fund expenses, NAV and official disclosures before investing.
Automobile Assembler
Millat Tractors Limited
Millat Tractors Limited (MTL) is a Pakistani manufacturer and assembler of agricultural tractors, implements and multi-application products listed on the Pakistan Stock Exchange. The company serves Pakistan’s agricultural sector, where tractor demand is influenced by farmers’ purchasing power, crop prices, financing availability and government policies. Investors researching MTL should review tractor sales volumes, revenue, profit margins, earnings per share, dividends, agricultural-sector conditions and the latest Shariah-screening information.
Power Generation & Distribution
Mughal Energy Limited
Mughal Energy Limited (PSX: GEMMEL) is a Pakistani power-generation company and a subsidiary of Mughal Iron & Steel Industries Limited. Incorporated in 2012, the company developed a 36.5 MW hybrid captive power plant intended primarily to supply electricity to group companies. Its main 31.5 MW turbine reportedly achieved commercial operation on August 31, 2026. In FY2026, the company reported a net profit of Rs9.13 million and earnings per share of Rs0.05, compared with a net loss in the previous financial year. The company appeared as Shariah-compliant in the PSX-KMI All Share Islamic Index recomposition dated May 29, 2026, using December 31, 2025 screening data. Investors should also note that PSX displays a Risk Warning Alert citing continuous regulatory non-compliance and possible suspension or delisting. Both the Shariah screening status and regulatory position should be rechecked against the latest official disclosures.
Refinery
National Refinery Limited
National Refinery Limited (PSX: NRL) is a Pakistan-based refinery company that produces petroleum fuels, lube base oils, bitumen and speciality chemical products. For FY2026, PSX standardized financial data reports sales of approximately Rs. 440.84 billion, profit after tax of Rs. 6.16 billion and earnings per share (EPS) of Rs. 77.09. Investors should review refining margins, crude oil and petroleum product prices, inventory movements, working capital, regulatory developments and the company’s PSX Risk Warning Alert. NRL’s appearance in the available KMI-30 and KMI All Share Index listings should be checked against the latest official Shariah screening notice before relying on its status.
Textile Composite
Nishat Mills Limited
Nishat Mills Limited (NML) is a Pakistan Stock Exchange-listed textile company established in 1951. Its operations include spinning, weaving, textile processing, dyeing, printing, stitching, garments, home textiles and power generation. The company serves local and international markets, with exports forming an important part of its business. Its financial performance is influenced by global textile demand, export orders, energy and raw-material costs, exchange rates, and domestic economic conditions. Investors researching NML should examine its latest financial statements, cash flows, margins, dividend announcements, and current PSX Shariah-screening status.
Oil & Gas Exploration Companies
Oil & Gas Development Company Limited
Oil & Gas Development Company Limited (OGDC) is a major Pakistani oil and gas exploration and production company listed on the Pakistan Stock Exchange. Its operations include exploring for hydrocarbons, developing oil and gas fields, and producing energy resources. Investors researching OGDC should examine production trends, reserves, receivables, cash flows, dividends, energy-sector policies and the company’s latest Shariah-screening status. This profile supports informed financial research and investor education.
Cable & Electrical Goods
Pak Elektron Limited
Pak Elektron Limited (PSX: PAEL) is a Pakistani manufacturer of electrical equipment and domestic appliances. Incorporated in 1956, the company operates through its Power and Appliances divisions, producing products such as transformers, switchgear, energy meters, refrigerators, air conditioners and other household appliances. In FY2025, PAEL reported sales of approximately Rs. 63.52 billion, profit after tax of Rs. 3.85 billion and earnings per share of Rs. 4.24. Investors researching PAEL should assess its earnings growth, margins, debt, cash flow, demand for electrical equipment and appliances, Shariah screening status and the Risk Warning Alert displayed on its PSX profile. Historical results do not guarantee future performance. Source: https://dps.psx.com.pk/company/PAEL
Transport
Pakistan International Bulk Terminal Limited
Pakistan International Bulk Terminal Limited (PIBTL) is a Pakistan Stock Exchange-listed port infrastructure company operating a bulk cargo terminal at Port Qasim, Karachi. Under a 30-year Build-Operate-Transfer agreement with Port Qasim Authority, the company provides terminal facilities for cargo such as coal and clinker/cement. In FY2026, PIBTL reported sales of approximately Rs. 16.39 billion and profit after tax of Rs. 3.37 billion, following a loss in FY2025. Investors should review cargo volumes, terminal utilisation, operating costs, cash flows, concession obligations and the latest Shariah-screening status.
Oil & Gas Exploration Companies
Pakistan Petroleum Limited
Pakistan Petroleum Limited (PSX: PPL) is a Pakistani oil and gas exploration and production company incorporated in 1950. Its principal activities include exploration, prospecting, development, and production of hydrocarbons and mineral resources. Explore PPL's financial performance, earnings per share, dividend disclosures, valuation indicators, operational risks, and Shariah-screening information through this company profile by PSX Investors Zone.
Refinery
Pakistan Refinery Limited
Pakistan Refinery Limited (PRL) is a Pakistan Stock Exchange-listed oil refining company and a subsidiary of Pakistan State Oil Company Limited. Established in 1960, PRL processes crude oil into petroleum products used in transportation, industry and other sectors. Its financial performance depends on refinery margins, crude oil and petroleum product prices, local demand, inventory movements, energy costs and financing expenses. PRL reported a return to annual profitability in FY2026 after a loss in FY2025. Investors should assess whether this improvement is sustainable and verify the company’s latest financial disclosures and official Shariah-screening status.
Oil & Gas Marketing Companies
Pakistan State Oil Company Limited
Pakistan State Oil Company Limited (PSO) is a major Pakistani oil marketing company listed on the Pakistan Stock Exchange. Its core activities include procuring, storing and marketing petroleum products, lubricants and related energy products. PSO operates a nationwide supply and distribution network serving retail, industrial, aviation and other customers. Investors researching PSO should assess its sales margins, receivables, working capital, cash flows, dividends, energy-sector risks and latest Shariah-screening status.
Automobile Parts & Accessories
Panther Tyres Limited
Panther Tyres Limited (PTL) is a Pakistan Stock Exchange-listed company engaged in manufacturing tyres and tubes for vehicles and trading automobile lubricants and spare parts. In FY2026, the company reported revenue of approximately Rs.36.34 billion, profit after tax of Rs.1.31 billion and earnings per share of Rs.7.82. Its gross profit margin improved to 15.60%, compared with 13.09% in FY2025. Investors should also monitor working-capital requirements, financing costs, cash flow, export-market conditions and the PSX Risk Warning Alert. PTL was included as Shariah-compliant in the screening effective June 5, 2026, based on December 31, 2025 accounts; the latest applicable screening should be checked before investment decisions. Sources: [PSX profile](https://dps.psx.com.pk/company/PTL) | [FY2026 annual report](https://financialfilings.com/filings/panther-tyres-ltd/annual-report/2026/64210731/) | [Shariah screening](https://www.maalify.co/shariah/PTL)
Automobile Assembler
Sazgar Engineering Works Limited
Sazgar Engineering Works Limited (PSX: SAZEW) is a Pakistani manufacturer of automobiles, automotive parts and household electric appliances. Incorporated in 1991, the company operates in the automobile assembler sector. Explore its business operations, financial performance, dividend announcements, Shariah-screening status and key investment risks before conducting further research.
Oil & Gas Marketing Companies
Sui Northern Gas Pipelines Limited
Sui Northern Gas Pipelines Limited (PSX: SNGP) is a Pakistani natural-gas utility responsible for purchasing, transmitting, distributing and supplying natural gas. Incorporated in 1963, the company operates a major gas network serving customers in northern and central Pakistan. In FY2025, SNGP reported sales of approximately Rs. 1.41 trillion, profit after tax of Rs. 14.59 billion and earnings per share of Rs. 23.01. Investors researching SNGP should examine its thin profit margins, receivables, regulatory environment, gas losses, quarterly earnings and current PSX compliance notices. Its Shariah screening status should be confirmed through the latest official PSX screening publication before being described as compliant. Source: https://dps.psx.com.pk/company/SNGP
Oil & Gas Marketing Companies
Sui Southern Gas Company Limited
Sui Southern Gas Company Limited (PSX: SSGC) is a Pakistani natural-gas transmission and distribution company serving customers in Sindh and Balochistan. Its activities include gas transmission, distribution, gas-meter manufacturing, LPG air mix and pipeline construction. In FY2025, SSGC reported sales of approximately Rs. 435.07 billion, profit after tax of Rs. 2.69 billion and EPS of Rs. 3.05. Investors should also review the company's low net profit margin, quarterly earnings, receivables, regulatory risks, current Shariah screening status and the Risk Warning Alert displayed by PSX. High revenue does not necessarily translate into high profitability or strong cash flow. Source: https://dps.psx.com.pk/company/SSGC
Technology & Communication
Systems Limited
Systems Limited (PSX: SYS) is a Pakistani information technology company providing software development, digital and cloud services, consulting, IT outsourcing and business process outsourcing. Established in 1977, the company serves clients across multiple international markets. Explore its financial performance, business model, risks and Shariah-screening information before conducting further investment research.
Textile Composite
The Crescent Textile Mills Limited
The Crescent Textile Mills Limited (PSX: CRTM) is a Pakistani textile manufacturer involved in spinning, combing, weaving, dyeing, bleaching, printing and stitching, with products made from cotton and synthetic fibres. The company also generates and supplies electricity for its operations. For the financial year ended 30 June 2026, it reported sales of Rs.19.112 billion and profit after tax of Rs.53 million, compared with a loss of Rs.287.431 million in FY2025. The company was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index recomposition effective 5 June 2026, based on accounts to 31 December 2025. Its debt-to-assets ratio was 36.27%, relatively close to the screening threshold. The official PSX profile also displays a Risk Warning Alert relating to continuous regulatory violations and potential suspension or delisting. Investors should review the latest financial disclosures, regulatory notices and Shariah screening before making investment decisions.
Power Generation & Distribution
The Hub Power Company Limited
The Hub Power Company Limited (HUBCO) is a Pakistan-based power and energy company listed on the Pakistan Stock Exchange. Incorporated in 1991, the company develops, owns, operates and maintains power-generation facilities and has investments in associated energy businesses. Investors researching HUBCO should review its consolidated financial results, dividend history, energy-sector developments, regulatory environment and latest Shariah-screening status. This profile provides company information for educational and research purposes.
Miscellaneous
The Pakistan Credit Rating Agency Limited
The Pakistan Credit Rating Agency Limited (PSX: GEMPACRA), commonly known as PACRA, is a Pakistani credit rating agency incorporated in 1994 and listed on the Pakistan Stock Exchange's Growth Enterprise Market Board on June 30, 2025. Licensed by the Securities and Exchange Commission of Pakistan, PACRA assesses the credit risk of companies and financial instruments, helping market participants evaluate the ability of borrowers and issuers to meet financial obligations. Its broader business interests include analytics, advisory, training and research through associated and subsidiary businesses. PSX-standardized standalone financial data for FY2026 reports revenue of Rs523.24 million, profit after tax of Rs128.08 million and EPS of Rs1.72. PACRA was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index recomposition published in May 2026, based on December 2025 data. Investors should also review the Risk Warning Alert on its official PSX profile, which warns of potential trading suspension or delisting due to continuous regulatory non-compliance.
Pharmaceuticals
The Searle Company Limited
The Searle Company Limited (PSX: SEARL) is a Pakistani pharmaceutical company engaged in manufacturing pharmaceutical and consumer products. Incorporated in 1965, it operates in Pakistan's healthcare and medicines market. In FY2026, the company reported sales of approximately Rs. 31.64 billion, profit after tax of Rs. 4.00 billion and earnings per share of Rs. 6.81. Investors researching SEARL should assess its earnings recovery, product portfolio, margins, regulatory environment, cash flow, Shariah screening status and the Risk Warning Alert displayed on its PSX profile. Past financial performance does not guarantee future results. Sources: https://dps.psx.com.pk/company/SEARL | https://searlecompany.com/investor-information/
Food & Personal Care Products
Treet Corporation Limited
Treet Corporation Limited (PSX: TREET) is a Pakistani manufacturer best known for razors and razor blades, with additional business activities across other industries. Incorporated in 1977, the company operates within a broader group of businesses. In FY2026, TREET reported sales of approximately Rs. 13.86 billion, profit after tax of Rs. 1.07 billion and earnings per share of Rs. 2.87. Investors researching TREET should examine its earnings quality, profitability, cash flow, group-company exposure, current valuation, Shariah screening status and the Risk Warning Alert displayed on its PSX profile. Historical financial performance does not guarantee future results. Source: https://dps.psx.com.pk/company/TREET