MTL added to NBPPGI, Bank Alfalah exits

MG News | August 07, 2024 at 11:26 AM GMT+05:00

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August 07, 2024 (MLN): The Pakistan Stock Exchange Limited has conducted the Re-composition exercise of the NBP Pakistan Growth Index (NBPPGI) as of July 31, 2024, a notice issued by the local bourse on Tuesday revealed.

In accordance with the relevant index rules, Millat Tractors Limited (PSX: MTL) has been added to the index, replacing Bank Alfalah Limited (PSX: BAFL).

The above changes in the NBPPGI will take effect from Wednesday, August 07, 2024.

In addition, the notice also listed the revised list of NBPPGI companies in the recomposed index.

S.No.	Symbol	Constituent Companies	Weights
1	OGDC	Oil & Gas Development Company Limited	10.00%
2	PPL	Pakistan Petroleum Limited	10.00%
3	HUBC	The Hub Power Company Limited	10.00%
4	UBL	United Bank Limited	7.72%
5	MEBL	Meezan Bank Limited	7.67%
6	HBL	Habib Bank Limited	7.23%
7	FFC	Fauji Fertilizer Company Limited	7.11%
8	EFERT	Engro Fertilizers Limited	7.03%
9	LUCK	Lucky Cement Limited	5.86%
10	ENGRO	Engro Corporation Limited	5.67%
11	MCB	MCB Bank Limited	5.33%
12	SYS	Systems Limited	4.93%
13	BAHL	Bank AL Habib Limited	4.24%
14	POL	Pakistan Oilfields Limited	4.20%
15	MTL	Millat Tractors Limited	3.00%

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