Stock exchange. PHOTO: AFP
The two new companies in the index are International Steel Limited and Millat Tractors Limited. The outgoing two constituents are Dawood Hercules Corporation Limited and Mari Petroleum Company Limited.
Pakistan’s reclassification may increase money inflow into the country
The swaps were made during the bi-annual exercise of re-composition of the free-float (shares held by public) market capitalisation based index of top 30 listed firms.
The new index would be implemented with effect from Tuesday (August 15).
The KSE-30 Index was introduced in 2006 and includes the 30 most liquid companies listed on the PSX.
Market watch: KSE-100 Index recovers, finishes few points shy of 46,000
Published in The Express Tribune, August 11th, 2017.
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