PSX re-composes companies to be included in KSE-Meezan 30 Index

MG News | December 07, 2020 at 11:04 AM GMT+05:00

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December 07, 2020 (MLN): Pakistan Stock Exchange (PSX) via notification has informed that it has carried-out the exercise of re-composition of KSE-Meezan 30 Index for the review period from January 01, 2020 to June 30, 2020.

Six companies would be affected as a result of recomposition. The companies which would be replaced by GlaxoSmithKline Pakistan Ltd is Lotte Chemical Pakistan Ltd. Hascol Petroleum Ltd would be substituted by Kohat Cement Company Ltd, Indus Motor Company Ltd by ICI Pakistan Limited, Systems Limited by Abbott Lab (Pakistan) Ltd.

Whereas, National Refinery Ltd would be replaced by Packages Limited and NetSol Technologies Ltd by International Industries Ltd.

Meanwhile, it is important to mention that recomposed index will be implemented from December 21, 2020.

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