PSX to launch Alfalah Consumer Index ETF on January 17

January 14, 2022 (MLN): Pakistan Stock Exchange on Friday informed that a new ETF namely; Alfalah Consumer Index Exchange Traded Fund (ACIETF) by Alfalah GHP Investment Management Limited shall be launched on January 17, 2022.

As per the notice issued by PSX, 13 securities out of a total of 20 constituents shall become part of the aforementioned ETF.

These securities include AGP (AGP Limited), ASL (Aisha Steel Mills Limited), CHCC (Cherat Cement Company Limited), FCEPL (Frieslandcampina Engro Pakistan Limited), GATM (Gul Ahmed Textile Mills Limited), ILP (Interloop Limited), INIL (International Industries Limited), ISL (International Steels Limited), MUGHAL (Mughal Iron & Steel Industries Limited), NCL (Nishat Chunian Limited), NML (Nishat Mills Limited), PSMC (Pak Suzuki Motor Company Limited) and SNGP (Sui Northern Gas Pipelines Limited).

The remaining ACIETF constituents are already part of existing ETFs.

Upon launch of new ETF (i.e., ACIETF), the above-mentioned symbols shall be traded in a LOT size of ONE share and there shall be no ODD LOT market for these symbols, the notice said.

Copyright Mettis Link News