FFC, PAEL enter the MZNPI fold in latest review

Nilam Bano | December 07, 2025 at 09:40 AM GMT+05:00

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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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