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HUBC, SNGP, PRL, NETSOL Among Seven Included in Sharia Compliant KMI-30 Index

admin-augaf by admin-augaf
June 26, 2023
in Business, Finance
Reading Time: 3 mins read
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Karachi June 26 2022: Pakistan Stock Exchange Limited has carried-out the exercise of recomposition of KSE-Meezan 30 Index (KMI 30 Index) for the review period from July 01, 2022 to December 31, 2022.

The re-composition has been carried out on the basis of the selection criteria as detailed in the Brochure of KMI 30 Index.

Pakistan Oilfields Limited (POL) and Cnergyico PK Limited (CNERGY) are no more sharia compliant.

As a result seven companies would be affected including, Hub Power Company Limited (HUBC), Pakistan Refinery Limited (PRL), NetSol Technologies Limited (NETSOL), Sui Northern Gas Pipelines Limited (SNGP), Attock Petroleum Limited (APL), Lotte Chemical Pakistan Limited (LOTCHEM) and Shell (Pakistan) Limited (SHEL) are included into the KMI-30 Index.

Whereas, Cnergyico PK Limited (CNERGY), Ghani Global Holdings Limited (GHNI), Nishat Mills Limited (NML), Pakistan Oilfields Limited (POL), The Searle Company Limited (SEARL), Telecard Limited (TELE) and Treet Corporation Limited (TREET) excluded from the KMI-30 Index.

There composed index will be implemented with effect from Friday July 7, 2023. Following is the list of stocks falling under KMI 30 Index.

Sr.noSymbolName of Companies
1SYSSystems Limited
2ENGROEngro Corporation Limited
3HUBCHub Power Company Limited
4OGDCOil & Gas Development Company Limited
5EFERTEngro Fertilizers Limited
6LUCKLucky Cement Limited
7PPLPakistan Petroleum Limited
8MEBLMeezan Bank Limited
9MARIMari Petroleum Co. Limited
10MTLMillat Tractors Limited
11DAWHDawood Hercules Corporation Limited
12PSOPakistan State Oil Co. Limited
13EPCLEngro Polymer & Chemicals Limited
14CHCCCherat Cement Co. Limited
15MLCFMaple Leaf Cement Factory
16SNGPSui Northern Gas Pipelines Limited
17FCCLFauji Cement Company Limited
18DGKCD.G. Khan Cement Co. Limited
19LOTCHEMLotte Chemical Pakistan Limited
20APLAttock Petroleum Limited
21PIOCPioneer Cement Limited
22ATRLAttock Refinery Limited
23UNITYUnity Foods Limited
24AVNAvanceon Limited
25PAELPak Elektron Limited
26SHELShell (Pakistan) Limited
27NRLNational Refinery Limited
28TPLPTPL Properties Limited
29PRLPakistan Refinery Limited
30NETSOLNetSol Technologies Limited
Tags: KMI 30 IndexPSXShariah Compliant
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