Meezan Bank replaces PEL in MZNPI
MG News | June 10, 2026 at 09:27 AM GMT+05:00
June 10, 2026 (MLN): Pakistan Stock Exchange (PSX) has re-composed the Meezan Pakistan Index (MZNPI) based on the review conducted as of May 25, 2026, in accordance with the relevant index rules.
As a result of the latest review, Meezan Bank Limited (MEBL) has been added to the index, replacing Pak Elektron Limited (PAEL). The changes came into effect on June 10, 2026.
The revised index comprises 12 Shariah-compliant companies, with Fauji Fertilizer Company Limited (FFC) retaining the highest weight of 15%, followed by Engro Holdings Limited (ENGROH) at 13.13% and Meezan Bank Limited (MEBL) at 11.23%.
Changes in MZNPI
| Incoming | Outgoing |
|---|---|
| Meezan Bank Limited (MEBL) | Pak Elektron Limited (PAEL) |
Revised MZNPI Constituents and Weights
| S.No. | Symbol | Company | Weight |
|---|---|---|---|
| 1 | FFC | Fauji Fertilizer Company Limited | 15.00% |
| 2 | ENGROH | Engro Holdings Limited | 13.13% |
| 3 | MEBL | Meezan Bank Limited | 11.23% |
| 4 | HUBC | The Hub Power Company Limited | 10.87% |
| 5 | OGDC | Oil & Gas Development Company Limited | 10.00% |
| 6 | LUCK | Lucky Cement Limited | 9.77% |
| 7 | PPL | Pakistan Petroleum Limited | 7.57% |
| 8 | MARI | Mari Energies Limited | 7.43% |
| 9 | PSO | Pakistan State Oil Company Limited | 4.23% |
| 10 | DGKC | D.G. Khan Cement Company Limited | 3.59% |
| 11 | ATRL | Attock Refinery Limited | 3.59% |
| 12 | MLCF | Maple Leaf Cement Factory Limited | 3.59% |
The MZNPI tracks a portfolio of Shariah-compliant stocks listed on the Pakistan Stock Exchange and serves as a benchmark for Islamic equity investments in Pakistan.
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