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

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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