Karachi, The Pakistan Stock Exchange Limited has announced the completion of its re-balancing exercise for the NBP Pakistan Growth Index (NBPPGI), which will take effect from May 8, 2024. This adjustment aligns with the index rules and affects the weightings of several major companies listed on the exchange.

The Hub Power Company Limited now leads the index with a new weight of 10.00%. It is followed by Pakistan Petroleum Limited at 9.05% and Oil & Gas Development Company Limited at 8.87%. Engro Corporation Limited has been adjusted to 8.26%.

Meezan Bank Limited's weight is set at 7.64%, slightly ahead of Lucky Cement Limited at 7.28%. Engro Fertilizers Limited and United Bank Limited closely follow with weights of 6.87% and 6.86% respectively.

Habib Bank Limited holds a weight of 6.80%, while Fauji Fertilizer Company Limited comes in at 6.10%. MCB Bank Limited and Systems Limited are weighted at 5.71% and 5.31% respectively.

The list continues with Pakistan Oilfields Limited at 4.14%, Bank AL Habib Limited at 3.98%, and Bank Alfalah Limited rounding off the index changes with a weight of 3.14%.