Re-composition: SNBL, BIPL, ISL & MEBL added to PSXDIV20 index

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MG News | May 30, 2024 at 11:54 AM GMT+05:00

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May 30, 2024 (MLN): The Pakistan Stock Exchange Limited has conducted the Re-composition exercise of the PSXDIV20 Index as of April 30, 2024, a notice issued by the local bourse on Thursday revealed.

In accordance with the relevant index rules, four adjustments have been made to the index.

The incoming companies are Soneri Bank Limited (PSX: SNBL), BankIslami Pakistan Limited (PSX: BIPL), International Steels Limited (PSX: ISL) and Meezan Bank Limited (PSX: MEBL).

The four to leave are; Atlas Battery Limited (PSX: ATBA), Engro Powergen Qadirpur Limited (PSX: EPQL), Lotte Chemical Pakistan Limited (PSX: LOTCHEM), and Pakistan National Shipping Corporation (PSX: PNSC).

The above changes in the PSXDIV20 Index will be implemented from Monday, June 03, 2024.

In addition, the notice also listed the final list of constituents of PSXDIV20 along with their weights in the Index as of April 30, 2024.

S.No INCOMING OUTGOING
1 Soneri Bank Limited Atlas Battery Limited
2 BankIslami Pakistan Limited Engro Powergen Qadirpur Limited
3 International Steels Limited Lotte Chemical Pakistan Limited
4 Meezan Bank Limited Pakistan National Shipping Corporation

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