Karachi November 24 2023: It is hereby informed that the Pakistan Stock Exchange Limited has carried out the re-composition exercise of PSXDIV20 Index as of October 31, 2023, as per the PSXDIV20 Index Rules.
As a result, Engro Corporation Limited, Atlas Battery Limited and Pakistan National Shipping Corporation are added to the Index in place of Attock Petroleum Limited, International Steels Limited and Nishat Chunian Limited.
The Index is comprised of top 20 dividend-paying companies, that have a dividend distribution history, ranked and weighted based on trailing 12-month dividend yield, as per the Index methodology.
The above changes in the PSXDIV20 Index will be implemented w.e.f, Thursday, December 1, 2023. The list of companies along with weights as of October 31, 2023, is as follows.
Sr.no | Symbol | Name of Companies | Weights |
1 | LPL | Lalpir Power Limited | 12.00% |
2 | KAPCO | Kot Addu Power Company Limited | 9.13% |
3 | FABL | Faysal Bank Limited | 7.55% |
4 | NPL | Nishat Power Limited | 7.22% |
5 | EFERT | Engro Fertilizers Limited | 4.96% |
6 | POL | Pakistan Oilfields Limited | 4.86% |
7 | HMB | Habib Metropolitan Bank Limited | 4.85% |
8 | EPCL | Engro Polymer & Chemicals Limited | 4.73% |
9 | DOL | Descon Oxychem Limited | 4.58% |
10 | UBL | United Bank Limited | 4.57% |
11 | BAHL | Bank AL Habib Limited | 4.16% |
12 | MCB | MCB Bank Limited | 3.90% |
13 | LOTCHEM | Lotte Chemical Pakistan Limited | 3.87% |
14 | ENGRO | Engro Corporation Limited | 3.78% |
15 | HUBC | The Hub Power Company Limited | 3.53% |
16 | BAFL | Bank Alfalah Limited | 3.45% |
17 | ATBA | Atlas Battery Limited | 3.38% |
18 | FFC | Fauji Fertilizer Company Limited | 3.28% |
19 | PNSC | Pakistan National Shipping Corporation | 3.15% |
20 | EPQL | Engro Powergen Qadirpur Limited | 3.05% |