September 16, 2021 (MLN): The Pakistan Stock Exchange Limited has carried out the Re-Composition exercise of KSE-100 Index Companies for the review period from March 2021 to August 2021, as per the Re-Composition Rules of the KSE-100 Index.
As many as ten companies would be affected as a result of the said re-composition.
In terms of market capitalization-based rule, the incoming companies are Aisha Steel Mills Limited, Avanceon Limited, Jahangir Siddiqui & Co. Limited while the three to leave are; Jubilee Life Insurance Company Limited, Agriautos Industries Limited and Sui Southern Gas Company Limited.
According to the recomposed index, Shakarganj Limited has been included while JDW Sugar Mills Limited has been ousted from the index in terms of the sector-based rule.
With regards to the company quoted on the defaulters’ segment, Mughal Iron & Steel Industries Limited has entered while Hascol Petroleum Limited has been removed.
The above changes in the KSE-100 Index will be implemented from Friday, October 01, 2021.
The notice also listed the revised list of 100 companies in the recomposed index.
Copyright Mettis Link News