Lahore Stock Exchange (G) Limited has recomposed LSE-25 Index on the basis of the top volume leader companies for the period from July 1, 2011 to June 30, 2012. The Exchange carried out an exercise to recompose the LSE-25 Index in accordance with its policy to do the exercise on semi-annual basis which has been implemented.
The recomposed index replaced seven companies named Byco Petroleum, Japan Power, Nimir Industrial Chemicals, Nishat (Chunian), PACE Pakistan, Pakistan Reinsurance Company, and Worldcall Telecom by Engro Polymer and Chemicals, IGI Investment Bank, Karachi Electric Supply Company, Maple Leaf Cement Factory, Pakistan Telecommunication Company, Summit Bank and Soneri Bank Ltd.
LSE Managing Director and Chief Executive Officer Aftab Ahmed Chaudhry said the methodology of LSE-25 Index shall be shifted to free-float base in view to offset the asymmetry of the market volume based LSE-25 Index.
The LSE is committed to the stock investors to provide them exact and transparent reflection of the market in the shape of upward and downward trend of listed scrips traded in the Lahore Stock market on daily basis which commensurate with its movement of index, he said.
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