ILLIQUID — earned weight 0.0 of 1.00, the summed measured record of the backing engines.
Because. Rs0.2mn/day — too thin to exit a 5-10 lac ticket
Risk. stop 16.76 (9.4% below close) — exit there
The case against. against: phase FULLY LOADED (median -0.88% over 371 completed runs, 47.4% win) — the median run in this phase LOSES; 73% above fair value
Measured from 377 completed Fully Loaded runs in ZEME's recorded phase history — these are frequencies of what actually happened next, not forecasts:
Typical stay in this phase: 12 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 18.79 |
| ZEME fair value | Rs 5.03 |
| Discount to fair value | -73.2% |
| Smart-money phase | Fully Loaded |
| Confidence score | 44/100 |
| RSI (14) | 53.4 |
| P/E | 30.8 |
| ROE | 4.1% |
| Dividend yield | 8.1% |
| 52-week range | Rs 11.14 – Rs 23.75 |
| Sector | Modarabas |
| Shariah-compliant | Yes ☪ |
FTMM (First Treet Manufacturing Modaraba) trades at Rs 18.79 on the Pakistan Stock Exchange, in the Fully Loaded smart-money phase — accumulated. ZEME's model puts fair value near Rs 5.03, making it about 73.2% overvalued. Smart money has fully loaded the position — a mature bullish setup, often before a markup.
ZEME AI reads FTMM 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.
Constructive — ZEME sees smart-money accumulation; check the entry vs the load zone. Smart money has fully loaded the position — a mature bullish setup, often before a markup. As of 16 Oct 2026, FTMM is in the Fully Loaded phase with a ZEME confidence score of 44/100.
ZEME estimates FTMM's fair value at about Rs 5.03, versus a market price of Rs 18.79 — roughly 73.2% overvalued.
FTMM is currently in the Fully Loaded phase. Smart money has fully loaded the position — a mature bullish setup, often before a markup.
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.