The Karachi Stock Exchange (KSE) has carried out re-composition exercise of KSE-100 Index companies for the review period from March to August 2009 as per the 'Re-composition Rules' of the index. The revised Index will be implemented from October 1, 2009.
The KSE in a notice issued here on Wednesday said that the recomposed index, based on the prices of August 31, 2009, will capture the market capitalisation to the extent of 91.56 percent of the total market capitalisation as compared to 90.68 percent of the current index. In aggregate, 9 companies would be affected due to re-composition process.
According to KSE announcement, the incoming companies in the recomposed index are:
-- First Habib Modaraba;
-- Sigma Leasing Corporation;
-- Habib Sugar Mills;
-- Agriauto Industries;
-- East West Insurance;
-- Millat Tractors;
-- Gharibwal Cement;
-- Media Times; and;
-- Attock Cement Pakistan.
The outgoing companies are: Allied Rental Modarab; Askari Leasing; Colony Sugar Mills; Balochistan Wheels; Hinopak Motors; First Capital Securities Corporation; Samba Bank; Arif Habib Bank; and Altern Energy. Revised/Recomposed list of KSE-100 Index companies, to be implemented from October 1, 2009 is as under:
CLOSE-END MUTUAL FUNDS PICIC GROWTH FUND:
MODARABA: 2. First Habib Modaraba
LEASING COMPANIES: 3. Sigma Leasing Corporation Ltd.
INV. BANK / INV. COS. / SEC. COS: 4. Arif Habib Securities, 5. JS Global Capital, 6. Jahangir Siddiqui & Co
COMMERCIAL BANKS: 7. Allied Bank, 8. Askari Bank, 9. Bank AL Habib, 10. Bank Alfalah, 11. The Bank of Punjab, 12. Faysal Bank, 13. Meezan Bank, 14. Habib Bank, 15. Habib Metropolitan Bank, 16. JS Bank, 17. KASB Bank, 18. NIB Bank, 19. MCB Bank, 20. National Bank of Pakistan, 21. The Royal Bank of Scotland, 22. Silk Bank, 23. Soneri Bank, 24. Standard Chartered Bank (Pak), 25. United Bank.INSURANCE: 26. Adamjee Insurance Co, 27. East West Insurance Co, 28. EFU General Insurance Co, 29. EFU Life Assurance, 30. IGI Insurance, 31. New Jubilee Insurance Co, 32. Pakistan Reinsurance Co.
TEXTILE SPINNING: 33. Fazal Textile Mills.
TEXTILE WEAVING: 34. Nakshbandi Industries.
TEXTILE COMPOSITE: 35. Azgard Nine, 36. Nishat Mills.
WOOLLEN: 37. Bannu Woollen Mills.
JUTE: 38. Thal.
SUGAR & ALLIED: 40. Habib Sugar Mills.
CEMENT: 41. Attock Cement Pakistan, 42. Bestway Cement, 43. D G Khan Cement Co, 44. Fauji Cement Company, 45. Gharibwal Cement, 46. Javedan Cement Company, 47. Lafarge Pakistan Cement, 48. Lucky Cement.
TOBACCO: 49. Lakson Tobacco Company, 50. Pakistan Tobacco Company.
REFINERY: 51. Attock Refinery, 52. National Refinery, 53. Pakistan Refinery.
POWER GEN & DISTRIBUTION: 54. Karachi Electric Supply Co, 55. Kohinoor Energy, 56. Kot Addu Power Company, 57. The Hub Power Co.
OIL & GAS MARKETING COS: 58. Attock Petroleum, 59. Pakistan State Oil Co, 60. Shell Pakistan, 61. Sui Northern Gas Pipeline, 62. Sui Southern Gas Co.
OIL & GAS EXPLORATION COS: 63. Mari Gas Company, 64. Oil & Gas Development Co, 65. Pakistan Oilfields, 66. Pakistan Petroleum.
ENGINEERING: 67. International Industries.
AUTOMOBILE ASSEMBLERS: 68. Al Ghazi Tractors, 69. Atlas Honda, 70. Indus Motor Company, 71. Millat Tractors, 72. Pak Suzuki Motor Co.
AUTO & ALLIED: 73. Agriauto Industries.
CABLES & ELECTRICAL GOODS: 74. Siemens (Pak) Engineering Co.
TRANSPORT: 75. International Airlines Corp, 76. Pakistan Int. Container Terminal, 77. Pakistan National Shipping Corp.
TECHNOLOGY & COMMUNICATION: 78. P T C L "A", 79. WorldCall Telecom, 80. Media Times.
FERTILIZER: 81. Dawood Hercules Chemicals, 82. Engro Chemical Pakistan, 83. Fauji Fertilizer Bin Qasim, 84. Fauji Fertilizer Co.
PHARMACEUTICAL: 85. Abbott Laboratories, 86. GlaxoSmithKline Pakistan.
CHEMICAL: 87. Colgate Palmolive, 88. Engro Polymer & Chemicals, 89. I C I Pakistan, 90. Pakistan PTA.
PAPER & BOARD: 91. Packages.
VANASPATI & ALLIED: 92. Wazir Ali Industries.
LEATHER & TANNERIES: 93. Bata Pakistan.
FOOD & PERSONAL CARE PRODUCTS: 94. Nestle Pakistan, 95. Rafhan Maize Products, 96. Unilever Pakistan, 97. Unilever Pakistan Foods.
GLASS & CERAMICS: 98. Ghani Glass.
MISCELLANEOUS: 99. Dreamworld, 100. Pakistan Services.