Karachi: The Pakistan Stock Exchange Limited has announced a recent rebalancing of the Mahaana Islamic Index (MII30), effective from October 15, 2026. This rebalancing has resulted in revised weightings for the index's constituent companies. According to a report dated October 29, 2026, these adjustments were made in accordance with the index rules available on the PSX website.

The Fauji Fertilizer Company Limited has emerged as the most heavily weighted company in the MII30, with a weight of 15.50%. Engro Holdings Limited follows, holding a weight of 9.26%, making it the second most influential company within the index. Meezan Bank Limited is positioned third with a weight of 7.72%.

The Hub Power Company Limited, with a weight of 7.48%, and Oil & Gas Development Company Limited, at 7.41%, round out the top five constituents of the MII30. Other notable companies include Lucky Cement Limited with a weight of 6.93% and Mari Energies Limited at 5.59%.

According to information available from the Pakistan Stock Exchange (PSX), the rebalancing reflects a comprehensive evaluation of the companies' performances and market positions.

The designated market category for the MII30 index is the PSX, providing a benchmark for the performance of leading companies adhering to Islamic investment principles.

Among the lower-weighted constituents, the weights range from Pakistan State Oil Company Limited at 2.90% to Pak Elektron Limited at 0.73%, with companies such as GlaxoSmithKline Pakistan Limited and K-Electric Limited marking part of the lineup with weights at 0.79% and 0.80%, respectively.

This rebalancing exercise is part of a regular assessment process aimed at ensuring the index accurately reflects the market dynamics and adheres to the set guidelines.