PSX recomposes KMI-30 index, 3 companies affected

MG News | December 13, 2021 at 10:04 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

December 13, 2021 (MLN): The Pakistan Stock Exchange (PSX) has replaced 3 companies in the Karachi Meezan-30 Index (KMI-30) as they do not fall in the list of top 30 Shariah Compliant stocks, a notice issued by PSX showed.

In a notice, PSX informed that it has carried out a re-composition exercise of the KMI-30 index for the review period from January 1, 2021, to June 30, 2021, as a result of which, 3 companies namely; Pioneer Cement Limited, Byco Petroleum Pakistan Limited, and Azgard Nine Limited have been included in the index.

On the other hand, Pakistan Intl. Bulk Terminal Limited, Sui Northern Gas Pipeline Limited and Honda Atlas Cars (Pak) Limited have been ousted from the index.

According to the notice, the re-composition has been carried out on the basis of the criteria of selection of companies as detailed in the brochure of KMI-30 Index, which can be seen on PSX’s website.

The above changes in the KMI-30 index will be implemented w.e.f. Monday, December 20, 2021.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	165,736.76 183.55M	0.77% 1269.55
ALLSHR	100,358.84 576.80M	0.63% 628.93
KSE30	48,838.38 95.95M	0.82% 395.98
KMI30	236,957.59 69.35M	0.56% 1324.07
KMIALLSHR	64,807.64 228.28M	0.44% 286.49
BKTi	45,829.75 31.64M	1.11% 500.92
OGTi	33,535.09 4.10M	-0.08% -25.45

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	80,375.00	81,745.00 80,285.00	-370.00 -0.46%
BRENT CRUDE	116.29	116.51 114.11	2.41 2.12%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	0.55 0.43%
ROTTERDAM COAL MONTHLY	145.75	146.10 145.75	-0.50 -0.34%
USD RBD PALM OLEIN	1,182.50	1,182.50 1,182.50	0.00 0.00%
CRUDE OIL - WTI	103.46	103.55 99.75	3.56 3.56%
SUGAR #11 WORLD	19.34	19.51 19.20	0.14 0.73%