MTL added to NBPPGI, Bank Alfalah exits

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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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