KSE recomposes 100-Index

KARACHI: The Karachi Stock Exchange (Guarantee) Limited has recomposed KSE 100-Index, effective from April 1, 2011.

According to KSE here Wednesday, 3 companies namely Fatima Fertilizer Company Ltd, Agritech Ltd and Indus Dyeing and Manufacturing Company Ltd have been included in the Index.

These incoming companies will replace Fauji Fertilizer Company Ltd, Worldcall Telecom and KASB Bank Ltd on the basis of Market Capitalization Rule.

The recomposed Index, based on the prices from February 28, 2011, will capture the market capitalization to the extend of 92.67 percent of the total market capitalization as compared to 91.64 percent of the current Index.