TRIM — earned weight 0 of 1.00, the summed measured record of the backing engines.
Because. 29% above fair value
Risk. stop 0.98 (12.5% below close) — exit there
The case against. against: 29% above fair value
Measured from 582 completed Watching runs in ZEME's recorded phase history — these are frequencies of what actually happened next, not forecasts:
Typical stay in this phase: 4 sessions (median). measured from 2026-07-16
ZEME publishes the case against its own signals, and the base rate any share has to beat. Educational analysis, not investment advice.
| Price | Rs 1.12 |
| ZEME fair value | Rs 0.79 |
| Discount to fair value | -29.5% |
| Smart-money phase | Watching |
| Confidence score | 23/100 |
| RSI (14) | 45.0 |
| P/E | 12.4 |
| ROE | 20.7% |
| Dividend yield | —% |
| 52-week range | Rs 0.89 – Rs 1.88 |
| Sector | Investment Banks/Investment Cos./Securities Cos. |
| Shariah-compliant | No |
FNEL (First National Equities Limited) trades at Rs 1.12 on the Pakistan Stock Exchange, in the Watching smart-money phase — neutral. ZEME's model puts fair value near Rs 0.79, making it about 29.5% overvalued. No decisive smart-money footprint yet — one to watch, not chase.
ZEME AI reads FNEL through operator accumulation/distribution phases, fair value across three methods, RSI and volume, plus institutional flow (FIPI/LIPI & off-market) — the same smart-money engine behind our daily PSX signals. For the live chart, entry/stop/target and history, open the interactive analysis above.
Neutral — no decisive smart-money signal yet; better setups may exist. No decisive smart-money footprint yet — one to watch, not chase. As of 16 Oct 2026, FNEL is in the Watching phase with a ZEME confidence score of 23/100.
ZEME estimates FNEL's fair value at about Rs 0.79, versus a market price of Rs 1.12 — roughly 29.5% overvalued.
FNEL is currently in the Watching phase. No decisive smart-money footprint yet — one to watch, not chase.
Data updated 16 Oct 2026 from ZEME AI's PSX engine. Educational analytics, not investment advice — do your own research and use a stop loss. Trading carries risk.