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UNITY, EFERT, EPCL Removed From Al-Meezan ETF

admin-augaf by admin-augaf
July 24, 2023
in Business, Finance, News
Reading Time: 2 mins read
0
PSX Added 30 New Companies To Shariah Compliant Index
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Karachi July 24 2023: Pakistan Stock Exchange Limited has carried out the re-composition exercise of MEEZAN PAKISTAN INDEX (MZNPI Index) as of July 07, 2023, in accordance with the relevant index rules.

As a result, four stocks are added in place of existing stocks to the Exchange Traded Fund.

IncomingOutgoing
The Hub Power Company LimitedAvanceon Limited
Maple Leaf Cement Factory LimitedEngro Fertilizers Limited
Sui Northern Gas Pipelines LimitedEngro Polymer & Chemicals Limited
D.G. Khan Cement Company LimitedUnity Foods Limited

The constituents of MZNPI along with their weights in the index as of July 07, 2023, are as under:

SymbolCompaniesWeight
SYSSystems Limited15.00%
ENGROEngro Corporation Limited15.00%
HUBCThe Hub Power Company Limited13.84%
LUCKLucky Cement Limited11.16%
OGDCOil & Gas Development Company Limited10.06%
PPLPakistan Petroleum Limited8.15%
MEBLMeezan Bank Limited8.06%
PSOPakistan State Oil Company Limited4.73%
MLCFMaple Leaf Cement Factory Limited3.50%
SNGPSui Northern Gas Pipelines Limited3.50%
DGKCD.G. Khan Cement Company Limited3.50%
ATRLAttock Refinery Limited3.50%

The above changes in the MZNPI Index will be implemented w.e.f. Friday, July 21, 2023.

Tags: Meezan Index ETFMZNPETF
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