Karachi: The Pakistan Stock Exchange Limited has announced the re-composition of the NIT Pakistan Gateway Index (NITPGI), effective from September 30, 2024, adhering to the guidelines outlined on the official PSX website. This adjustment reflects the latest shifts in the market and aligns with the index's rules.

On September 30, 2024, notable changes in the NITPGI were implemented, marking significant shifts in its structure. According to information available from the Pakistan Stock Exchange (PSX), Mari Petroleum Company Limited will replace Millat Tractors Limited in the index. This update forms part of the routine review and adjustment of the index constituents to better reflect the current financial landscape.

The updated composition of the NITPGI, effective from Monday, October 21, 2024, includes leading companies across various sectors. The weights of the constituents show Fauji Fertilizer Company Limited at the top with 10.67%, followed closely by United Bank Limited with 9.78%, and The Hub Power Company Limited at 7.96%. Other prominent members include Engro Fertilizers Limited and Mari Petroleum Company Limited, each holding significant weights of 7.83% and 7.00% respectively.

The changes are expected to impact investors who track the NITPGI for benchmarking investment performances and making informed financial decisions. The adjustment ensures the index accurately represents the market conditions and remains a reliable indicator for investment strategies in Pakistan's evolving economic environment.