Karachi: The Pakistan Stock Exchange (PSX) has announced a re-composition of its benchmark KSE-100 Index, following a review period from September 2024 to February 2025. This reshuffling, conducted in accordance with the relevant index rules, will see changes in the list of companies included in the index. The adjustments are set to be implemented from the first working day of April 2025.

The re-composition exercise has resulted in the inclusion of five new companies into the KSE-100 Index. TPL REIT Fund I and Gadoon Textile Mills Limited have been added based on sector-based rules. Meanwhile, Agritech Limited, Hum Network Limited, and Haleon Pakistan Limited have made their way into the index due to market capitalization-based rules.

In contrast, the re-composition has led to the exclusion of five companies from the index. BankIslami Pakistan Limited is being removed due to market capitalization-based rules, while Kohinoor Spinning Mills Limited is exiting based on sector-based rules. Additionally, Nishat Chunian Power Limited, National Refinery Limited, and Wafi Energy Pakistan Limited are also being removed from the index based on market capitalization rules.

According to information available from the Pakistan Stock Exchange (PSX), this re-composition is part of the regular process to ensure that the KSE-100 Index accurately reflects the market conditions. These changes are expected to impact the designated market category as the index aligns itself with the evolving market dynamics.

The complete list of the companies currently underlying the index is provided as Annexure A for the information of all concerned parties.