March 21, 2006	Tuesday	Safar 20, 1427

KARACHI, March 20: The Board of Directors of the Karachi Stock Exchange has recomposed the KSE-100 index to be effective from April 3, in accordance with the decision of the board taken in a meeting held on March 29, 2004.

To carry out the re-composition in the KSE-100 Index and implement the same, the management has carried out exercise and details of the changes in the KSE-100 Index companies for the review period from September 2005 to February 2006 based on the re-composition rules that departed six companies, which were replaced by other six companies. The changes are of market capitalization based rule.

INCOMING COMPANIES: Allied Bank Limited, United Bank Limited, EFU General Insurance Company Limited, Pioneer Cement Company Limited, Attock Petroleum Limited, and Telecard Limited.

OUT GOING COMPANIES: Javed Omer Vohra & Company Limited, Gul Ahmed Textile Mills Limited, Dawood Lawrencepur Limited, BOC Pakistan Limited, Century Paper & Board Mills Limited, and Security Papers Limited.

The KSE explained the recomposed index, based on prices of February 28, 2006, will capture the market capitalization to the extent of 90.16 per cent of the total market capitalization.

The following is the revised/recomposed list of KSE-100 Index:

CLOSE-END MUTUAL FUNDS: PICIC Growth Fund, PICIC Investment Fund.

MODARABA: Fayzan Manufacturing Modaraba.

LEASING COS: Orix Leasing.

INVESTMENT BANK/COS, SECURITIES: Arif Habib Securities Limited, Jahangir Siddiqui & Company Limited, PICIC.

COMMERCIAL BANKS: Allied Bank Limited, Askari Commercial Bank Ltd, Bank AL Habib Limited, Bank Alfalah Limited, Bank of Punjab, Faysal Bank Ltd, Metropolitan Bank Ltd, NIB Bank Ltd, MCB Bank Ltd, National Bank of Pakistan Ltd, PICIC Commercial Bank Ltd, Prime Commercial Bank Ltd, Saudi Pak Commercial Bank Ltd, Soneri Bank Ltd, Union Bank Ltd, United Bank Ltd.

INSURANCE: Adamjee Insurance Company Ltd, EFU General Insurance Company Ltd, IGI Insurance Company Ltd, New Jubilee Insurance Company Ltd, Pakistan Reinsurance Company Ltd.

TEXTILE SPINNING: Gadoon Textile Mills Ltd.

TEXTILE WEAVING: Kohinoor Weaving Mills Ltd.

TEXTILE COMPOSITE: Azgard Nine Ltd, Kohinoor Textile Mills Ltd, Nishat (Chunian) Ltd, Nishat Mills Ltd.

WOOLLEN: Bannu Woollen Mills Limited.

SYNTHETICS & RAYON: Dewan Salman Fibre Limited, Gatron Industries Limited, Ibrahim Fibres Limited.

JUTE: Thal Limited.

SUGAR & ALLIED: JDW Sugar.

CEMENT: Attock Cement Ltd, Bestway Cement Limited, Pakistan Cement Co Ltd, Cherat Cement Company Ltd, DG Khan Cement Co Ltd, Fauji Cement Co Ltd, Lucky Cement Ltd, Maple Leaf Cement Factory Ltd, Pioneer Cement Co Ltd.

TOBACCO: Lakson Tobacco Company Ltd, Pakistan Tobacco Company Ltd.

REFINERY: Attock Refinery Limited, Bosicor Pakistan Limited, National Refinery Limited, Pakistan Refinery Limited.

POWER GEN & DISTRIBUTION: KESC, Kohinoor Energy Limited, Kot Addu Power Company Ltd, Hub Power Company Ltd.

OIL & GAS MARKETING COS: Attock Petroleum Limited, PSO, Shell Pakistan Limited, Sui Northern Gas Pipeline Ltd, Sui Southern Gas Company Ltd.

OIL & GAS EXPLORATION COS: Mari Gas Company Limited, OGDC, Pakistan Oilfields Limited, Pakistan Petroleum Limited.

ENGINEERING: International Industries Ltd.

AUTOMOBILE ASSEMBLERS: Al Ghazi Tractors Limited, Atlas Honda Limited, Honda Atlas Cars Limited, Indus Motor Company Ltd, Millat Tractors Limited, Pak Suzuki Motor Company Ltd.

AUTO & ALLIED: General Tyre & Rubber Company.

CABLES & ELECTRICAL GOODS: Siemens Engineering Co Ltd.

TRANSPORT: PNSC, PIAC “A”.

TECHNOLOGY & COMMUNICATIONS: PTCL “A”, Telecard Limited.

FERTILIZER: Dawood Hercules Chemicals Ltd, Engro Chemical Pakistan Ltd, Fauji Fertilizer Bin Qasim Ltd, Fauji Fertilizer Company Ltd.

PHARMACEUTICAL: Abbott Laboratories Limited, GlaxoSmithKline Pakistan Ltd.

CHEMICAL: Clariant Pakistan Limited, Colgate Palmolive Limited, ICI Pakistan Limited, Pakistan PTA Limited.

PAPER & BOARD: Packages Limited.

VANASPATI & ALLIED: Wazir Ali Industries Limited.

LEATHER & TANNERIES: Bata Pakistan Limited.

FOOD & PERSONAL CARE PRODUCTS: Nestle Milkpak Ltd, Rafhan Maize Products Ltd, Unilever Pakistan Ltd.

GLASS & CERAMICS: Ghani Glass Limited.

MISCELLANEOUS: Dreamworld Limited, Pakistan Services Limited.—APP