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OGDC, ASTL, HCAR Among 26 Companies Added to Shariah Compliant PSXKMI All Index

admin-augaf by admin-augaf
January 1, 2025
in Business, Finance, National, News, Technology
Reading Time: 2 mins read
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PSX Added 30 New Companies To Shariah Compliant Index
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Karachi January 1 2025: Pakistan Stock Exchange Limited has carried out the re-composition exercise of PSXKMI ALL SHARE ISLAMIC INDEX for the review period January 01, 2024 to June 30, 2024.

The re-composition has been carried out on the basis of the criteria of selection of companies as detailed in the brochure of PSX-KMI All Share Islamic Index.

The recomposed PSX-KMI All Share Islamic Index will comprise of 264 companies, in aggregate, out of which 26 new companies are included in the Index (including 3 newly listed companies), whereas, 13 companies have been removed from the Index.

The recomposed PSX-KMI All Share Index will be implemented w.e.f. Friday, January 03, 2025.

The Incoming Companies for the KMI All Index include the following: Adam Sugar Mills Limited (ADAMS), Amreli Steels Limited (ASTL), Big Bird Foods Limited (BBFL), BF Biosciences Limited (BFBIO), Crescent Fibres Limited (CFL), Cordoba Logistics & Ventures Limited (CLVL), Crescent Steel & Allied Products Limited (CSAP), Dawood Hercules Corporation Limited (DAWH), Dandot Cement Company Limited (DNCC), Fazal Cloth Mills Limited (FZCM), Gul Ahmed Textile Mills Limited (GATM), Burj Clean Energy Modaraba (GEMBCEM), Blue-Ex Limited (GEMBLUEX), Mughal Energy Limited (GEMMEL), Hala Enterprises Limited (HAEL), Honda Atlas Cars (Pakistan) Limited (HCAR), Kohinoor Mills Limited (KML), Lalpir Power Limited (LPL), Maqbool Textile Mills Limited (MQTM), National Foods Limited (NATF), Oil & Gas Development Company Limited (OGDC), Reliance Weaving Mills Limited (REWM), Sapphire Fibres Limited (SFL), Sunrays Textile Mills Limited (SUTM), United Distributors Pakistan Limited (UDPL), and Yousaf Weaving Mills Limited (YOUW).

The Outgoing Companies from the KMI All Index include: Al Shaheer Corporation Limited (ASC), Baba Farid Sugar Mills Limited (BAFS), Chashma Sugar Mills Limited (CHAS), Faisal Spinning Mills Limited (FASM), J.A. Textile Mills Limited (JATM), Mirpurkhas Sugar Mills Limited (MIRKS), Mehran Sugar Mills Limited (MRNS), Noon Sugar Mills Limited (NONS), The Premier Sugar Mills (PMRS), S.G. Power Limited (SGPL), Shakarganj Limited (SHJS), Saritow Spinning Mills Limited (SSML), and The Thal Industries Corporation Limited (TICL).

Tags: Shariah Compliant
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