| GEO Business|
| KSE recomposes 100-Index|
| Updated at: 1446 PST, Tuesday, March 31, 2009|
KARACHI: The Karachi Stock Exchange (Guarantee) Limited has recomposed KSE 100-Index effective from April 1, 2009.
According to KSE here Tuesday, the five companies namely Allied Rental Modaraba, Balochistan Wheels Ltd, Dreamworld Ltd, Engro Polymer& Chemicals Ltd have been included in the Index. These incoming companies will replace First Habib Modaraba, Agriauto Industries Ltd, MyBank Ltd, JS Investments Ltd and Pioneer Cement Company Ltd.
The recomposed Index, based on the prices of February 27, 2009,will capture the market capitalization to the extent of 87.10 % of the total market capitalization as compared to 86.38 % of the current Index.
It may be noted that KSE had carried out the re-composition exercise 100-Index companies for the review period from September 2008 to February 2009 as per re-composition Rules of KSE 100-Index.