FFC, PAEL enter the MZNPI fold in latest review
Nilam Bano | December 07, 2025 at 09:40 AM GMT+05:00
December 07, 2025 (MLN): The Pakistan Stock Exchange (PSX) has carried out a fresh re-composition of the Meezan Pakistan Index (MZNPI), following its periodic review conducted as of November 24, 2025.
As part of this exercise, Fauji Fertiliser Company Limited (FFC) and Pak Elektron Limited (PAEL) have been added to the index.
At the same time, Ghandhara Automobiles Limited and Sui Northern Gas Pipelines Limited (SNGPL) have been excluded, in accordance with the index rules available on the PSX website.
Incoming & Outgoing Constituents
| Incoming | Outgoing |
|---|---|
| Fauji Fertilizer Company Ltd (FFC) | Ghandhara Automobiles Ltd |
| Pak Elektron Ltd (PAEL) | Sui Northern Gas Pipelines Ltd (SNGPL) |
Updated MZNPI Constituents and Index Weights
(as of November 24, 2025)
| S.No. | Symbol | Company | Weight (%) |
|---|---|---|---|
| 1 | FFC | Fauji Fertilizer Company Ltd | 15.00 |
| 2 | ENGROH | Engro Holdings Ltd | 13.43 |
| 3 | HUBC | The Hub Power Company Ltd | 12.76 |
| 4 | LUCK | Lucky Cement Ltd | 12.19 |
| 5 | MARI | Mari Energies Ltd | 9.06 |
| 6 | OGDC | Oil & Gas Development Co. Ltd | 8.74 |
| 7 | PPL | Pakistan Petroleum Ltd | 7.20 |
| 8 | PSO | Pakistan State Oil Co. Ltd | 6.79 |
| 9 | MLCF | Maple Leaf Cement Factory Ltd | 3.71 |
| 10 | DGKC | D.G. Khan Cement Co. Ltd | 3.71 |
| 11 | ATRL | Attock Refinery Ltd | 3.71 |
| 12 | PAEL | Pak Elektron Ltd | 3.71 |
The updated composition will take effect from Monday, December 08, 2025.
The review ensures that the index continues to reflect the performance of key Shariah-compliant listed companies in line with MZNPI’s methodology.
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