Lahore stock exchange recomposes index

Lahore Stock Exchange Limited (LSE) has recomposed LSE's-25 Index. The Management of The Lahore Stock Exchange carried out the exercise to recompose the LSE-25 Index on the basis of the top volume leader companies for the period January 1, 2012 to December 31, 2012. The LSE-25 Index has been recomposed in accordance with its policy to carry out the exercise on a semi-annual basis.
In the recomposed index it replaced three companies named Attock Refinary Limited, Nishat Mills Limited, Summit Bank Limited by Flying Cement Company Limited, Pakistan International Airline Corporation (A) and Wateen Telecom Limited. On this occasion Aftab Ahmed Chaudhry, Managing Director and Chief Executive Officer of the Lahore Stock Exchange gave a briefing saying that the methodology of the LSE-25 Index would be shifted to the free-float base to offset the asymmetry of the market volume based on the LSE-25 Index. The LSE is committed to providing stock investors with exact and transparent reflection of the market in the shape of upward and downward trend of listed scrip's traded in the Lahore Stock market on a daily basis, commensurate with its movement of the Index.