Karachi: The Pakistan Stock Exchange Limited has officially announced the re-composition of the NBP Pakistan Growth Index (NBPPGI) as of January 31, 2025, marking significant changes in its constituents. This re-composition will be effective from February 10, 2025, and reflects the dynamic nature of the stock market and its responses to the economic landscape.

In the latest changes, Engro Holdings Limited (ENGROH) has been added to the index, while Bank Alfalah Limited (BAFL) has been removed. Additionally, Pakistan State Oil Company Limited (PSO) has replaced Millat Tractors Limited (MTL). These alterations signify a strategic shift in the index's composition to better represent the current market conditions.

According to information available from the Pakistan Stock Exchange (PSX), the NBPPGI's updated list of constituents with their respective weights includes major players such as Fauji Fertilizer Company Limited (FFC), Oil & Gas Development Company Limited (OGDC), and The Hub Power Company Limited (HUBC), each holding a weightage of 10.00%. Pakistan Petroleum Limited (PPL) follows with a weight of 9.96%.

Engro Holdings Limited, a new addition, carries a weight of 7.96%, while United Bank Limited (UBL) and Pakistan State Oil Company Limited (PSO) account for 7.84% and 7.71% respectively. Other notable companies include Engro Fertilizers Limited (EFERT) with 6.03%, Habib Bank Limited (HBL) at 5.90%, and Meezan Bank Limited (MEBL) holding 5.48%.

The index further comprises Lucky Cement Limited (LUCK) at 4.31%, Systems Limited (SYS) at 4.07%, and MCB Bank Limited (MCB) at 3.93%. Bank AL Habib Limited (BAHL) and Pakistan Oilfields Limited (POL) round off the list with weights of 3.46% and 3.34% respectively.

This re-composition reflects the ongoing evaluation and adjustment of the NBPPGI to ensure an accurate representation of market trends and economic shifts within the designated market category. The changes are expected to influence investor decisions and market dynamics moving forward.