MTL added to NBPPGI, Bank Alfalah exits
MG News | August 07, 2024 at 11:26 AM GMT+05:00
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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