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OGDC, SAZGAR Added To Meezan Pakistan Index

admin-augaf by admin-augaf
January 13, 2025
in Business, Finance, National
Reading Time: 2 mins read
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PSX Added 30 New Companies To Shariah Compliant Index
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Karachi January 13 2025: Pakistan Stock Exchange Limited has carried out the re-composition exercise of Meezan Pakistan Index (MZNPI) as of January 6, 2025 in accordance with the relevant index rules available on PSX.

As a result, the following are the incoming and outgoing companies:

IncomingOutgoing
Oil & Gas Development Company LimitedLucky Cement Limited
Mari Petroleum Company LimitedD.G. Khan Cement Company Limited
Sazgar Engineering Works LimitedSystems Limited
Engro Holding LimitedSui Northern Gas Pipelines Limited

The constituents of MZNPI along with their weights in the index as of January 06, 2025 are as under:

Serial No.SymbolCompaniesWeights
1ENGROHEngro Holdings Limited15.00%
2EFERTEngro Fertilizers Limited13.14%
3HUBCThe Hub Power Company Limited11.96%
4MEBLMeezan Bank Limited10.16%
5MARIMari Petroleum Company Limited9.74%
6PSOPakistan State Oil Company Limited8.17%
7OGDCOil & Gas Development Company Limited7.95%
8PPLPakistan Petroleum Limited7.31%
9ATRLAttock Refinery Limited4.14%
10SEARLThe Searle Company Limited4.14%
11SAZGARSazgar Engineering Works Limited4.14%
15AIRLINKAir Link Communication Limited4.14%

The above changes in the MZNPI will be implemented w.e.f. Monday, January 13, 2025.

Tags: Meezan Pakistan IndexPSX
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