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KARACHI, Feb 14: The Karachi Stock Exchange announced re-composition of the KSE-30 Index on Wednesday. The review period is from July 2006 to December 2006.
A notice issued by the bourse stated that the re-composition exercise of the index had been conducted based on the revised criteria for measuring liquidity, whereby Average Daily Trade Value of Shares (ADTVS) had been substituted with “Impact Cost”.
The revised criteria had already been incorporated in the Brochure of KSE-30 Index, which was placed on KSE website (www.kse.com.pk).
The bourse stated that in aggregate, five companies would be affected due to re-composition process. The following is the detail of incoming and outgoing companies:
INCOMING COMPANIES: United Bank Limited; Arif Habib Securities Limited; Attock Petroleum Limited; PICIC Commercial Bank Limited; and Shell Pakistan Limited.
OUTGOING COMPANIES: Maple Leaf Cement Factory Limited; Pak Suzuki Motor Company Limited; Dawood Hercules Chemicals Limited; Packages Limited; and Unilever Pakistan Limited.The recomposed index based on the free-float market capitalisation as on December 31, 2006 would be implemented from February 15, 2007, the KSE stated.
