Stock exchange replaces four companies in KSE-30 Index

Published: February 13, 2018
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Outgoing companies include Engro Foods Ltd, K-Electric Ltd, Hascol Peroleum Ltd and Honda Atlas Cars Ltd 
PHOTO: EXPRESS

Outgoing companies include Engro Foods Ltd, K-Electric Ltd, Hascol Peroleum Ltd and Honda Atlas Cars Ltd PHOTO: EXPRESS

KARACHI: The Pakistan Stock Exchange (PSX) management has announced replacing four companies in KSE-30, which is the second-most-monitored index market participants use to track investment decisions.

The four new companies in the index are Sui Southern Gas Company Limited, Engro Polymer & Chemicals Limited, Bank Al Habib Limited and Aisha Steel Mills Limited.

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The outgoing entities include Engro Foods Limited, K-Electric Limited, Hascol Petroleum Limited and Honda Atlas Cars (Pakistan) Limited.

The swaps were made during the biannual exercise of re-composition of the free-float (shares held by public) market capitalisation based index of top 30 listed firms.

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The new index would be implemented with effect from Thursday (February 15).

The KSE-30 Index was introduced in 2006 and includes the 30 most liquid companies listed on the PSX.

Published in The Express Tribune, February 13th, 2018.

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