| KMI 30 Index | |
| Operator: | Karachi Stock Exchange Limited |
| Exchanges: | Karachi Stock Exchange |
| Constituents: | 30 |
| Weighting: | Capitalization-weighted index |
KSE Meezan Index (KMI–30) is a stock market index on the Pakistan Stock Exchange in Pakistan of thirty companies that have been screened for Islamic Shariah criteria. The index was introduced in 2009[1] and the base period for this Islamic index is 30 June 2008. It was created as a joint effort by the Karachi Stock Exchange (now known as Pakistan Stock Exchange) and Al-Meezan Investment Bank (now known as Meezan Bank Limited).[2] The index is calculated using free float market capitalization. At any point in time, the level of the index reflects the free float market value of selected Shariah-compliant shares in comparison with the base period. KMI-30 is recomposed semi-annually.
Guidance is taken from qualified and well reputed Shariah experts when Shariah compliance of stocks is done.
For any stock to be "Shariah compliant" it must meet all of the following six criteria:
The following list of companies are included in the KMI-30 index as per the notice from Pakistan Stock Exchange dated 03 Jul 2020. The recomposed index is implemented w.e.f Monday, July 13, 2020. This re- composition of KSE-Meezan 30 Index is for the review period from July 1, 2019 to December 31, 2019. [3]
| Number | Name of Company | Symbol | Charity Rate | |
|---|---|---|---|---|
| 1 | Engro Corporation Ltd. | ENGRO | 4.72% | |
| 2 | Oil & Gas Development Company Ltd | OGDC | 7.73% | |
| 3 | Lucky Cement Ltd | LUCK | 2.59% | |
| 4 | Pakistan Petroleum Ltd | PPL | 1.59% | |
| 5 | Engro Fertilizers Ltd | EFERT | 1.34% | |
| 6 | Pakistan Oilfields Ltd | POL | 4.09% | |
| 7 | Pakistan State Oil Co. Ltd | PSO | 0.90% | |
| 8 | Mari Petroleum Co. Ltd | MARI | 3.13% | |
| 9 | Meezan Bank Ltd | MEBL | 0.00% | |
| 10 | The Searle Company Ltd | SEARL | 0.21% | |
| 11 | D.G. Khan Cement Co. Ltd | DGKC | 3.11% | |
| 12 | Millat Tractors | MTL | 0.11% | |
| 13 | Fauji Cement Co. Ltd | FCCL | 0.17% | |
| 14 | Sui Northern Gas Pipelines Ltd | SNGP | 1.25% | |
| 15 | Maple Leaf Cement Factory | MLCF | 0.19% | |
| 16 | Indus Motor Company Ltd | INDU | 2.10% | |
| 17 | Nishat Mills Ltd | NML | 1.59% | |
| 18 | Systems Limited | SYS | 3.53% | |
| 19 | K-Electric Ltd | KEL | 0.78% | |
| 20 | Engro Polymer & Chemicals | EPCL | 1.88% | |
| 21 | Hascol Petroleum Ltd | HASCOL | 0.15% | |
| 22 | Cherat Cement Co. Ltd | CHCC | 0.01% | |
| 23 | International Steels Ltd | ISL | 0.01% | |
| 24 | Pak Elektron Ltd | PAEL | 0.04% | |
| 25 | Honda Atlas Cars (Pakistan) Ltd | HCAR | 0.54% | |
| 26 | Lotte Chemical Pakistan Ltd | LOTCHEM | 1.73% | |
| 27 | Attock Refinery Ltd | ATRL | 1.29% | |
| 28 | Unity Foods Ltd | UNITY | 0.02% | |
| 29 | National Refinery Ltd | NRL | 0.09% | |
| 30 | NetSol Technologies Ltd | NETSOL | 0.34% |