Karachi: Al Meezan Investment Management Limited has announced the commencement of the rebalancing process for its Meezan Pakistan Exchange Traded Fund (MZNPETF) today, June 17, 2025. This action is being undertaken in accordance with Section 96 of the Securities Act, 2015, Clause 5.6.1(a) of PSX Regulations, and the Offering Document of the MZNPETF.

The rebalancing process implies that the indicative Net Asset Value (iNAV) will continue to be disseminated based on the prior basket. However, this iNAV will not accurately reflect the current composition of the underlying basket during the rebalancing period. According to information available from the Pakistan Stock Exchange (PSX), the changes aim to align the fund's holdings with its investment strategy and current market conditions.

Al Meezan Investment Management has committed to notifying the exchange once the rebalancing process is complete. The firm has also requested the Pakistan Stock Exchange to inform the TRE Certificate Holders of the Exchange about this development. The MZNPETF is classified under the designated market category as an Exchange Traded Fund.