Karachi: The Pakistan Stock Exchange (PSX) has finalized the re-composition of its PSX-KMI All Share Islamic Index, marking a significant shift in the Islamic financial landscape. The exercise, conducted with the guidance of the Exchange's Shariah Advisor and based on financial data up to December 31, 2025, reflects changes in the Shariah compliance status of listed companies.

According to information available from the Pakistan Stock Exchange (PSX), the newly recomposed index now comprises 309 companies. This update sees the inclusion of 42 new companies, while 19 have been removed from the index. The re-composition was carried out following the selection criteria outlined in the KMI All Share Index brochure, accessible on the PSX website.

Among the companies newly added to the index are Al-Abid Silk Mills Limited (AASM), Al Shaheer Corporation Limited (ASC), and Asim Textile Mills Limited (ASTM), along with a host of others representing a wide spectrum of sectors. This inclusion represents a diverse array of industries, highlighting the dynamic nature of the Shariah-compliant market segment.

Meanwhile, companies such as Al-Abbas Sugar Mills Limited (AABS), AKD Hospitality Limited (AKDHL), and Attock Petroleum Limited (APL) have been removed from the index. The exit of these companies, each with its own market influence, indicates shifting compliance statuses and strategic realignments within the index's composition.

This re-composition underscores the ongoing evolution within the Islamic financial sector, as the PSX continues to adapt to the changing compliance landscape. The changes are poised to impact market dynamics, with potential implications for investors seeking Shariah-compliant investment opportunities.