PSX announces launch of Mahaana Islamic Index (MII30) on March 11

MG News | March 08, 2024 at 01:10 PM GMT+05:00

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March 08, 2024 (MLN): The Pakistan Stock Exchange (PSX) has introduced a new Shariah equity index, the Mahaana Islamic Index (MII30), which will be made live along with its constituents from March 11, 2024 (Monday), according to a notice issued by the local bourse today.

It is crucial to note that the base value of the index will be 10,000 index points.

Moreover, the Index will measure the performance of the top 30 Shariah-compliant companies selected from KMI All share index constituents based on the free float market capitalization, having at least an average daily value traded of Rs10 million in the last 12 months.

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