KARACHI July 30, 2024: According to a notice on the Pakistan Stock Exchange Limited (PSX) website, the Mahaana Islamic Index (MII30) has been reconstituted. Sazgar Engineering Works Limited, Abbott Laboratories (Pakistan) Limited, International Steels Limited, and International Industries Limited have been added to the MII30 index, while Attock Petroleum Limited, National Foods Limited, Oil & Gas Development Company Limited, and Unity Foods Limited have been removed.
These changes to the MII30 Index will take effect on Wednesday, July 31, 2024.
The Mahaana Islamic Index ETF (MIIETF) was established under a Trust Deed signed between Mahaana Wealth Management as the Management Company and the Central Depository Company of Pakistan Limited as Trustee. The MIIETF is an open-ended Exchange Traded Fund that aims to track the benchmark Mahaana Islamic Index (MII30). The index comprises the top 30 Shariah-compliant companies from the KMI All Share Index, selected based on free float market capitalization and traded value according to the investment methodology.
