Karachi: UBL Fund Managers Limited has announced the re-constitution of the UBL Pakistan Enterprise Exchange Traded Fund (UBL-ETF) portfolio. The announcement, made in compliance with the section 96 of the Securities Act, 2015, clause 5.6.1(a) of the PSX regulation, and the Offering Document of UBLP-ETF, signals a potential shift in the composition of the UBL Pakistan Enterprise Index (UPP9).

According to the report dated November 3, 2026, the re-constitution will take effect from the same date, which is a Tuesday. This re-constitution process may lead to adjustments in the UBLP-ETF portfolio as necessary. The dissemination of the Indicative Net Asset Value (INAV) will persist throughout the re-constitution activity, though it will be based on the previous basket. As a result, the INAV might not accurately represent the underlying basket during this transitional period.

According to information available from the Pakistan Stock Exchange (PSX), the re-constitution of UBL Pakistan Enterprise ETF is a significant event for stakeholders, as it can impact the fund's performance and strategy. The decision to reconstitute reflects a strategic move to align the ETF's composition with current market conditions and investment strategies.

UBL Fund Managers Limited's announcement underscores the dynamic nature of exchange-traded funds and their responsiveness to market changes. The implications of this re-constitution will be observed closely by investors and market analysts, as it could influence the market movements within the designated market category.