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Three Cement Companies Along with SNGP and GAL Added to Meezan Pakistan Index

admin-augaf by admin-augaf
June 17, 2025
in Business, Finance
Reading Time: 1 min read
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Pakistan Largest AMC Al Meezan Appointed Former JP Morgan Analyst Imitiaz Gadar as a CEO
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Karachi June 17 2025: Pakistan Stock Exchange Limited has carried out the re-composition exercise of MZNPI as of June 02, 2025 in accordance with the relevant index rules.

As a result, Lucky Cement Limited, D.G. Khan Cement Company Limited, Maple Leaf Cement Factory Limited, Sui Northern Gas Pipelines Limited and Ghandhara Automobiles Limited are added to the index.

Air Link Communication Limited, Engro Fertilizers Limited, Meezan Bank Limited, Sazgar Engineering Works Limited and The Searle Company Limited are removed from the index.

The reconstituted index assigns a 15% weight each to Engro Holdings Limited and Lucky Cement Limited, followed closely by The Hub Power Company Limited with a 14.97% weight. Mari Petroleum Company Limited, Oil & Gas Development Company Limited, Pakistan State Oil Company Limited, and Pakistan Petroleum Limited hold weights of 9.49%, 8.55%, 8.53%, and 6.96%, respectively. Maple Leaf Cement Factory Limited, D.G. Khan Cement Company Limited, Sui Northern Gas Pipelines Limited, and Ghandhara Automobiles Limited each carry a 4.3% weight, which is the same as the allocation given to Attock Refinery Limited.

The above changes in the MZNPI will be implemented w.e.f. Tuesday, June 17, 2025.

Tags: MEEZAN
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