The Karachi Stock Exchange (KSE) has carried out the exercise of re-composition of KSE-30 Index for the review period from January 1, 2008 to June 30, 2008. The recomposed KSE-30 index will be implemented from August 15, 2008.
The re-composition has been carried out on the basis of the criteria of selection of companies and in aggregate, four companies would be affected due to re-composition process.
The new incoming companies would be Azgard Nine Limited, Arif Habib Limited, Netsol Technologies Limited, and Pervez Ahmed Securities Limited while the outgoing companies are: Javed Omer Vohra & Company Limited, Faysal Bank Limited, National Refinery Limited, and ICI Pakistan Limited.
After the re-composition of the index the companies included in the re-composed KSE-30 index are MCB Bank, Oil and Gas Development Company Limited, Jahangir Siddiqui & Co Limited, Pakistan Petroleum Limited, Fauji Fertiliser Company Limited, Pakistan Oilfields Limited, Pakistan State Oil Company Limited, National Bank of Pakistan, United Bank Limited, Engro Chemical Pakistan Limited, Pakistan Telecommunication Company Limited, The Hub Power Company Limited, Adamjee Insurance Company Limited, Habib Bank Limited, Arif Habib Securities Limited, EFU General Insurance Limited, Lucky Cement Limited, Bank Alfalah Limited, Fauji Fertiliser Bin Qasim Limited, Azgard Nine Limited, NIB Bank Limited, DG Khan Cement Company Limited, Askari Bank Limited, The Bank of Punjab, Nishat Mills Limited, Packages Limited, Attock Refinery Limited, Netsol Technologies Limited, Arif Habib Limited, and Pervez Ahmed Securities Limited.