Changes: PSX re-composes benchmark index

KARACHI: The Pakistani Stock Exchange (PSX)  has re-composed its benchmark KSE - 100 Index,  replacing three companies on the basis of their market capitalisation with effect from October 3, 2016, according to a notification on Wednesday. The incoming companies include Philip Morris (Pakistan) Limited, Crescent Steel & Allied Products Limited and Bestway Cement Limited. Outgoing companies include Lalpir Power Limited, Pakgen Power Limited an EFU Life Assurance Limited. The recomposition exercise was carried out for the review period from March to August 2016 as per the Re-Composition Rules of KSE-100 Index, the Exchange said in the notification.

Published in The Express Tribune, September 22^nd, 2016.

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