KARACHI: The Pakistan Stock Exchange’s (PSX) management has announced replacing two companies in KSE-30 Index, which is the second most monitored index by investors to track their investment decisions.
The two new companies in the index are International Steel Limited and Millat Tractors Limited. The outgoing two constituents are Dawood Hercules Corporation Limited and Mari Petroleum Company Limited.
The swaps were made during the bi-annual exercise of re-composition of the free-float (shares held by public) market capitalisation based index of top 30 listed firms.
The new index would be implemented with effect from Tuesday (August 15).
The KSE-30 Index was introduced in 2006 and includes the 30 most liquid companies listed on the PSX.