PSX reorganises benchmark KSE share index. PHOTO: FILE
KARACHI: The Pakistan Stock Exchange (PSX) management has reorganised the benchmark KSE 100-share Index by replacing five stocks in the group of top-100 companies in the market, according to an announcement made on Monday.
The five new stocks added to the index were Gatron (Industries), Shakarganj Limited, Byco Petroleum Pakistan, GlaxoSmithKline Consumer Health Care Limited and Aisha Steel Mills. Outgoing stocks from the top-100 stocks were Ibrahim Fibres, JDW Sugar Mills, Crescent Steel and Allied Products, Jahangir Siddiqui and Company and Nishat Power.
The changes to the composition of the benchmark index would come into effect from October 1, 2018. The re-composition is based on the free-float methodology. The re-composition exercise of the KSE-100 index was carried out for the review period March 2018 to August 2018.
Published in The Express Tribune, September 25th, 2018.
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