Karachi: The Mahaana Islamic Index Exchange Traded Fund (MIIETF) has successfully concluded its portfolio rebalancing, following the guidelines outlined in section 96 of the Securities Act, 2015, Clause 5.6.1(a) of the PSX Regulation, and the Offering Document of MIIETF.

This rebalancing activity, detailed in a follow-up to the fund’s July 31, 2024, communication, ensures that the MIIETF remains aligned with its strategic investment objectives and compliant with regulatory requirements.

According to information available from the Pakistan Stock Exchange (PSX), the rebalancing process is a routine procedure intended to maintain the portfolio's alignment with the fund's stated investment criteria and market conditions.

The fund management has instructed to inform all TRE Certificate Holders of the Exchange about the completion of this rebalancing activity, emphasizing the fund’s adherence to prescribed investment parameters and regulatory standards.