Meezan Bank replaces PEL in MZNPI

MG News | June 10, 2026 at 09:27 AM GMT+05:00

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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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