Pakistan Stock Exchange (PSX) has carried out exercise of re-composition of KSE-100-Meezan-30 Index for the review period from January 1, 2016 to June 30, 2016. The re-composition has been carried out on the basis of the criteria of selection of companies. As a result 5 companies would be affected due to re-composition.

The incoming companies would be Oil and Gas Development Company (OGDC), National Refinery Limited, Ghandhara Industries Limited, Ghandhara Nissan Limited and Packages Limited while the outgoing companies would be Byco Petroleum Pakistan Limited, Kot Addu Power Company Limited Nishat Mills Limited and Treet Corporation.

The re-composed index will be implemented with effect from January 9, 2018. The companies in re-composed index would be Oil and Gas Development Company (OGDC), The Hub Power Company (Hubco), Lucky Cement Limited, Pakistan Petroleum Limited (PPL), Engro Corporation Limited, Dawood Hercules Corporation, Pak Suzuki Motor Company, Engro Fertilizer Limited, Searle Company Limited, Fauji Cement Company, K-Electric Limited, Maple Leaf Cement Factory, Mari Petroleum Company, Packages Limited, Pakistan Oilfields Limited (POL), Honda Atlas Cars (Pakistan) Limited, Engro Foods Limited, National Refinery Limited, Fatima Fertilizer Company, Cherat Cement Company, Hascol Petroleum Limited, Pioneer Cement Company, Pakistan Elektron Limited, Sui Northern Gas Pipelines Limited, Attock Refinery Limited, GlaxoSmithKline Pakistan Limited, Pakistan Telecommunication Company Limited, Sui Southern Gas Company Limited, Ghandhara Nissan Limited and Ghandhara Industries Limited.

Copyright Business Recorder, 2017