Meezan Pakistan Index undergoes re-composition: EFERT joins, DGKC exits

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MG News | January 08, 2024 at 10:45 AM GMT+05:00

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January 08, 2024 (MLN): The Pakistan Stock Exchange Limited has carried out the Re-composition exercise of the Meezan Pakistan Index (MZNPI) Companies as of December 22, 2023, in accordance with the relevant index rules.

Consequently, Engro Fertilizers Limited (PSX: EFERT) is the incoming company, while D.G. Khan Cement Company Limited (PSX: DGKC) is the outgoing one.

The above changes in the MZNPI are effective from Monday, January 08, 2023.

In addition, the notice also listed the revised list of the constituents of MZNPI along with their weights in the index.

S.No. Symbol Companies Weight
1 HUBC The Hub Power Company Limited 15.00%
2 PPL Pakistan Petroleum Limited 10.72%
3 ENGRO Engro Corporation Limited 10.71%
4 SYS Systems Limited 10.02%
5 OGDC Oil & Gas Development Company Limited 9.99%
6 LUCK Lucky Cement Limited 9.79%
7 MEBL Meezan Bank Limited 9.20%
8 EFERT Engro Fertilizers Limited 8.83%
9 PSO Pakistan State Oil Company Limited 5.24%
10 SNGP Sui Northern Gas Pipelines Limited 3.50%
11 MLCF Maple Leaf Cement Factory Limited 3.50%
12 ATRL Attock Refinery Limited 3.50%

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