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.
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.
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.