KMI 30 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 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).

KMI 30 Index
Foundation2008 (2008)
OperatorKarachi Stock Exchange Limited
ExchangesKarachi Stock Exchange
Constituents30
Weighting methodCapitalization-weighted index
Websitewww.almeezangroup.com/investor-education/shariah-methodology/

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.

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