Re-composition: COLG, SEARL, CYNERGY, DCR added to KMI-30 index

MG News | December 16, 2023 at 04:23 PM GMT+05:00

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December 16, 2023 (MLN): The Pakistan Stock Exchange Limited (PSX) has carried out the Re-Composition exercise of KSE-Meezan 30 Index (KMI-30) for the review period from January 01, 2023 to June 30, 2023, according to a notice issued by the local bourse on Friday.

As a result of this exercise, the incoming companies are Colgate-Palmolive (Pakistan) Limited (PSX: COLG), The Searle Company Limited (PSX: SEARL), Cnergyico PK Limited (PSX: CYNERGY), and Dolmen City REIT (PSX: DCR).

The four to leave are; Dawood Hercules Corporation Limited (PSX: DAWH), NetSol Technologies Limited (PSX: NETSOL), Pak Elektron Limited (PSX: PEL), and Shell Pakistan Limited (PSX: SHEL).

Incoming	Outgoing
Colgate-Palmolive (Pakistan) Limited	Dawood Hercules Corporation Limited
The Searle Company Limited	NetSol Technologies Limited
Cnergyico PK Limited	Pak Elektron Limited
Dolmen City REIT	Shell Pakistan Limited

The re-composition has been carried out on the basis of the selection criteria as detailed in the brochure of KMI 30 Index, which is available on the Exchange’s website.

The above changes in the KSE-100 Index will be implemented from Friday, December 22, 2023.

In addition, the notice also listed the final index constituents and the total pool of KMI-30 Shariah compliant companies.

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