PSX leads the re-composition of KMI index

23 companies find their way into the index, while 14 get the boot

LAHORE: In a notification issued on November 13, by the office of Market Development and New Products General Manager Sani-e-Mehmood Khan, Pakistan Stock Exchange informed all market participants of the recent re-composition of the PSX-KMI All Share Islamic Index for the review period July 01, 2016 to December 31, 2016.

The documents noted that this exercise was carried out on the basis of the criteria of selection of companies and the recomposed index will now comprise of a total 249 companies. The re-composition saw 14 companies being removed from the index and while 24 new companies were added.

According to the documents, the new index will be implemented as of November 20, 2017.

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Eleazar Bhatti
The writer currently serves as the Content Manager at Profit by Pakistan Today and is an economics graduate from Leeds Business School in the UK. He can be reached at [email protected] or at twitter.com/eleazarbhatti.
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