Karachi: The UBL Pakistan Enterprise Index (UPP9) is set to undergo a re-constitution of its portfolio effective Monday, May 05, 2025. This decision follows the guidelines laid out in section 96 of the Securities Act, 2015, clause 5.6.1(a) of the Pakistan Stock Exchange (PSX) regulation, and the Offering Document of the UBL Pakistan Enterprise Exchange Traded Fund (UBLP-ETF).

The re-constitution process will determine necessary adjustments within the portfolio of the UBLP-ETF. During this activity, the indicative Net Asset Value (iNAV) will continue to be disseminated. However, it will be based on the previous basket and will not accurately represent the underlying basket during the re-constitution period.

According to information available from the Pakistan Stock Exchange (PSX), stakeholders and TRE Certificate Holders of the Exchange are advised to note these changes. This re-constitution aims to align the portfolio with current market conditions and regulatory requirements.

The market category under which these changes occur remains strictly within the bounds specified by the Securities Act and the PSX regulations, ensuring compliance and transparency in operations. The adjustments reflect ongoing efforts to maintain the integrity and performance of the UBL Pakistan Enterprise Index.