Karachi November 24 2022: It is hereby informed that the Pakistan Stock Exchange Limited has carried out the re-composition exercise of PSXDIV20 Index as of October 31, 2022, as per the PSXDIV20 Index Rules.
As a result, Saif Power Limited, Hub Power Company Limited, Nishat Power Limited, Lotte Chemical Pakistan Limited and Hi-Tech Lubricants Limited are added to the Index in place of Tariq Glass Limited, Indus Motor Company Limited, Habib Bank Limited, Allied Bank Limited and Fatima Fertilizer Co 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, 2022. The list of companies along with weights as of October 31, 2022, is as follows.
|Sr.no||Symbol||Name of Companies||Weights|
|1||SPWL||Saif Power Limited||12.00%|
|2||EPQL||Engro Powergen Qadirpur Limited||12.00%|
|3||HUBC||Hub Power Company Limited||7.57%|
|4||KAPCO||Kot Addu Power Company||6.96%|
|5||EPCL||Engro Polymer & Chemicals Limited||6.70%|
|6||NCL||Nishat (Chunian) Limited||5.69%|
|7||NPL||Nishat Power Limited||5.25%|
|8||POL||Pakistan Oilfields Limited||4.12%|
|9||UBL||United Bank Limited||4.03%|
|10||EFERT||Engro Fertilizers Limited||3.80%|
|11||ENGRO||Engro Corporation Limited||3.77%|
|12||MCB||MCB Bank Limited||3.45%|
|13||BAFL||Bank Alfalah Limited||3.29%|
|14||HMB||Habib Metropolitan Bank Limited||3.26%|
|15||LOTCHEM||Lotte Chemical Pakistan Limited||3.22%|
|16||APL||Attock Petroleum Limited||3.14%|
|17||FFC||Fauji Fertilizer Co. Limited||3.13%|
|18||BAHL||Bank Al-Habib Limited||3.00%|
|19||ISL||International Steels Limited||2.87%|
|20||HTL||Hi-Tech Lubricants Limited||2.77%|