University of Sargodha

Noon Business School

Assignment (Spring 2021)

Subject:
Analysis of Investments & Management of Portfolios
Submitted to:
Ms. Yasmeen Akhtar
Submitted by:
Hamza Shahzad
Roll no.
MBBF19M038
Program:
BBA After 14 years
Semester:
Spring 2021
Submission Date:
30th March, 2021
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Pakistan Stock Exchange

History of Pakistan Stock Exchange:
Pakistan Stock Exchange was established on September 18, 1947 and was formally
incorporated on March 10, 1949 under the name of ‘Karachi Stock Exchange’, as a Company
limited by Guarantee. In October 1970, a second stock exchange was established in Lahore to
meet the stock trading needs of the provincial metropolis. In October 1989, Islamabad Stock
Exchange was established to cater to the investors of the northern parts of the country.
Because the three exchanges had separate management, trading interfaces, indices, and had
no mutualized structure, therefore the Stock Exchanges (Corporatization, Demutualization
and Integration) Act, 2012 was promulgated by the Government of Pakistan which ultimately
resulted in the three exchanges integrating their operations effective January 11, 2016 under
the new name ‘Pakistan Stock Exchange Limited’ (PSX).

PSX has made significant strides in its history, having a small presence of 5 listed
companies initially with a total paid-up capital of Rs 37 Mn. In 1960 there were 81
companies with a market capitalization of Rs 1.8 Bn whereas now there are 546*
companies listed in the bourse with a market capitalization of Rs 7.692* Tn. The listed
companies are distributed amongst 35 sectors/ groups of industries. *As of Dec 31, 2018

PSX aspires to be one of the leading Exchanges of the world having an enviable record of
being the best performing Stock Exchange in Asia. In recent past PSX had an All-Index
Growth of 26% Annual CAGR from 2012-2017. PSX aims to reclaim that status and has
plans in place to make it a robust and efficient Stock Exchange at par or above par with other
Stock Exchanges in the world. It is at the forefront of Pakistan’s economy, being the only
major institution helping capital formation in the country. Pakistan Stock Exchange has in
place functional and operational capabilities at par with any global Stock Exchange with
robust trading systems (e.g.: KATS-Karachi Automated Trading System, KITS-Internet
based order routing system, BATS-Bonds Automated Trading System), IT security systems,
and a progressive regulatory framework.

Indices
Equity Indices:
KSE 100
The Pakistan Stock Exchange (fka Karachi Stock Exchange) KSE-100 Index comprises the
top company from each of the 34 sectors on the PSX, in terms of market capitalization. The
rest of the companies are picked on market cap ranking, without any consideration for the
sector to make a sample of 100 common stocks with base value 1,000. This is a total return
index.
KSE-100 Index Brochure

Recomposition of KSE-100 Index

Objective:
The primary objective of the KSE100 index is to have a benchmark by which the stock price
performance can be compared to over a period of time. In particular, the KSE 100 is designed
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to provide investors with a sense of how the Pakistan equity market is performing. Thus, the
KSE100 is similar to other indicators that track various sectors of the Pakistan economic
activity such as the gross national product, consumer price index, etc.

Free - Float Methodology

Free-Float means proportion of total shares issued by a company that are readily available for
trading at the Stock Exchange. It generally excludes the shares held by controlling directors /
sponsors / promoters, government and other locked-in shares not available for trading in the
normal course.
Re-composition rules fall into two general categories: 1) Sector Rules and 2) Free-Float

Capitalization Rules
Sector Rules
Sector rules govern the selection (or deletion) of companies on the basis of being the top Free
Float Capitalization stock in each of the 35 PSX sectors (excluding Open-end Mutual Fund
sector).
Two rules are recommended to undertake selection in this area-one, a time-based rule and the
other is a value-based rule. Stocks shall be triggered by compliance with either rule.

Time-based rule:
A stock (not in the index) which becomes the largest in its sector (by any amount of value) shall be
entered the index after maintaining its position as largest in the sector for consecutively two re
composition periods.

Value-based rule:
A stock (not in the index) which becomes the largest in its sector by a minimum of 10%
greater in capitalization value than the present largest in the sector (in the index) will enter
the index at the time of re-composition.

Capitalization Rule
Capitalization rules govern the selection (or deletion) of companies on the basis of being
among the largest free-float capitalization companies in the stock market. Only one rule
applies here time-based rule.

Time-based rule:
A stock (not in the index) may qualify for entry if it exceeds the market cap value
consecutively in two re-composition periods of the last stock in the index selected on the
basis of market cap. A qualifying company automatically pushes out the lowest cap selected
stock in the index.

KSE 30
KSE 30 Index includes the top 30 most liquid companies listed on PSX based on Free Float
methodology.

KSE-30 Index Brochure

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Recomposition of KSE-30 Index

All Share Index

Consists of all listed companies on PSX based on Full Cap methodology.

NITPG Index
The index aims to track the performance of stocks that represent top 50% free float market
capitalization of KSE-100 index.

NITPG Index Brochure

UPP9 Index
The Index aims to track the performance of top 9 companies with highest free float market
capitalization of KSE-100 index (excluding Oil and Gas sector companies)
UPP9 Index Brochure

MZNPI Index
The Islamic Index aims to track the performance of top 12 companies with highest average
traded value and free float market capitalization of KMI30 Index.
MZNPI Index Brochure
Meezan Pakistan Index (MZNPI)

NBPPGI Index
The Index aims to track the performance of top 15 companies with highest free float market
capitalization of KSE-100 Index
NBPPGI Index Brochure
Recomposition of NBPPGI Index

Islamic Indices
KMI 30 Index
KMI 30 Index tracks the 30 most liquid Shariah compliant companies listed at PSX. The
companies are weighted by float adjusted market capitalization with a 12% cap on weights of
individual companies.

KMI-30 Index Brochure

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Recent review of Shariah compliant Companies

PSX-KMI All Share Index

PSX-KMI All Share Index comprises of all Shariah compliant companies listed on the
Pakistan Stock Exchange Limited. The Index was developed by Pakistan Stock Exchange
Limited and Meezan Bank Limited.
PSX-KMI All Share Index Brochure
Recent review of Shariah compliant Companies

Sectoral Indices
Oil and Gas Tradable Sector Index (OGTI)
The Tradable Oil & Gas Index tracks at least 80% free-float market capitalization of the Oil
& Gas Sector.
OG TI Brochure
Recomposition of Oil & Gas

Banking Sector Tradable Index (BKTI)

The Tradable Banks Index is based on the listed companies in the banking sector. The Index
tracks at least 80% free-float market capitalization of the Banking Sector
BK TI Brochure
Recomposition of Banking Sector Tradable Indices

Companies listed on the Pakistan Stock Exchange

Symbol Company Name Short Name

AGTL Al-Ghazi Tractors Limited AL-Ghazi Tractors

ATLH Atlas Honda Limited Atlas Honda Ltd

DFML Dewan Farooque Motors Limited Dewan Motors

GHNL Ghandara Nissan Limited Ghand Nissan

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Symbol Company Name Short Name

GHNI Ghandhara Industries Limited Ghandhara Ind.

GAIL Ghani Automobile Industries Limited Ghani Automobile

HINO HinoPak Motors Limited Hinopak Motor

HCAR Honda Atlas Cars (Pakistan) Limited Honda Atlas Cars

INDU Indus Motor Company Limited Indus Motor Co

MTL Millat Tractors Limited Millat Tractors

PSMC Pak Suzuki Motor Company Limited Pak Suzuki

SAZEW Sazgar Engineering Works Limited Sazgar Eng

GAIL Ghani Automobiles Industries Limited Ghani Automobile

GHNLR Ghandhara Nissan(R Ghandhara Nissan Ltd.(R)

AUTOMOBILE PARTS & ACCESSORIES

Symbol Company Name Short Name

AGIL Agriautos Industries Limited Agriautos Ind.

ATBA Atlas Battery Limited Atlas Battery

BWHL Baluchistan Wheels Limited Bal.Wheels

BELA Bela Automotive Limited Bela Automotive

Dewan Auto
DWAE Dewan Automotive Engineering Limited
Engg

EXIDE Exide Pakistan Limited Exide (PAK)

GTYR General Tyre and Rubber Co. of Pakistan Limited General Tyre
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Symbol Company Name Short Name

LOADS Loads Limited Loads Limited

THALL Thal Limited Thal Limited

Transmission
TREI Transmission Engineering Industries Limited
Engg.

CABLE & ELECTRICAL GOODS

Symbol Company Name Short Name

CECL Climax Engineering Company Limited Climax Eng.

JOPP Johnson and Phillips (Pakistan) Limited Johnson & Philips

PAEL Pak Elektron Limited Pak Elektron

PELPS Pak Elektron(Pref) Pak Elektron

PCAL Pakistan Cables Limited Pakistan Cables

SIEM Siemens Pakistan Engineering Co. Limited Siemens Pak.XD

SING Singer Pakistan Limited Singer Pak.

TPL TPL Corp Limited TPL Corp Ltd

CEMENT

Symbol Company Name Short Name

ACPL Attock Cement (Pakistan) Limited Attock Cement

BWCL Bestway Cement Limited Bestway Cement

CHCC Cherat Cement Company Limited Cherat Cement

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Symbol Company Name Short Name

DGKC D.G. Khan Cement Company Limited D.G.K.Cement

Dadabhoy
DBCI Dadabhoy Cement Industries Limited
Cement

DNCC Dandot Cement Company Limited Dandot Cement

DCL Dewan Cement Limited Dewan Cement

FCCL Fauji Cement Company Limited Fauji Cement

FECTC Fecto Cement Limited Fecto Cement

FLYNG Flying Cement Company Limited Flying Cement

Gharibwal
GWLC Gharibwal Cement Limited
Cement

JVDC Javedan Corporation Limited Javedan Corp.

Javedan
JVDCPS Javedan Corporation Limited (Pref Shares)
Corp(Pre)

KOHC Kohat Cement Limited Kohat Cement

LUCK Lucky Cement Limited Lucky Cement

MLCF Maple Leaf Cement Factory Limited Maple Leaf

PIOC Pioneer Cement Limited Pioneer Cement

POWER Power Cement Limited Power Cement

Safe Mix
SMCPL Safe Mix Concrete Limited
Con.Ltd

THCCL Thatta Cement Company Limited Thatta Cement

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Symbol Company Name Short Name

ZELP Zeal Pak Cement Factory Limited Zeal Pak.

INV. BANKS / INV. COS. / SECURITIES COS.

Symbol Company Name Short Name

786 786 Investment Limited 786 Invest Ltd

AMSL Al-Mal Securities & Services Limited AL-Mal Sec.

AMBL Apna Microfinance Bank Limited Apna Microfin.

AHL Arif Habib Limited Arif Habib Ltd.

BIPLS BIPL Securities Limited BIPL Securities

DEL Dawood Equities Limited Dawood Equities

EFGH EFG Hermes Pakistan Limited EFG Hermes Pak

ESBL Escorts Investment Bank Limited Escorts Bank

FCEL First Capital Equites Limited First Cap.Equit

FCSC First Capital Securites Corporation Limited Ist.Capital Sec

FCIBL First Credit & Invest Bank Limited F.Credit & Inv

FDIBL First Dawood Investment Bank Limited Ist.Dawood Bank

FNEL First National Equities Limited F. Nat.Equities

IGIBL IGI Investment Bank Limited IGI Inv.Bank

ICIBL Invest Capital Investment Bank Limited Invest Bank

ITSL Investec Securites Limited Investec Sec.

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Symbol Company Name Short Name

JSGCL JS Global Capital Limited JS Global Cap.

JSIL JS Investments Limited JS Investments

JSCL Jahangir Siddiqui Company Limited Jah.Sidd. Co.

JOVC Javed Omer Vohra and Company Limited J.O.V.& CO.

MCBAH MCB-ARIF Habib Savings & Investments Ltd MCB-ARIF Habib

NEXT Next Capital Limited Next Capital

PSX Pakistan Stock Exchange Limited Pak Stock Exchange

PASL Pervez Ahmed Securities Limited Pervez Ahmed

PDGH Prudential Discount Guarantee House Limited P.D.G.House

PRIB Prudential Investment Bank Limited Prud.Inv.Bank

SIBL Security Investment Bank Limited Sec. Inv. Bank

TRIBL Trust Investment Bank Limited Trust Inv.Bank

TSBLR Trust Securities & Brokerage (R) Trust Brokerage

TSBL Trust Securities and Brokerage Limited Trust Brokerage

JUTE

Symbol Company Name Short Name

CJPL Crescent Jute Proudcts Limited Crescent Jute

SUHJ Suhail Jute Mills Limited Suhail Jute

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LEASING COMPANIES
Symbol Company Name Short Name

CPAL Capital Assets Leasing Corporation Limited Cap.Assets Leas

ENGL English Leasing Limited English Leasing

GRYL Grays Leasing Limited Grays Leasing

OLPL Orix Leasing Pakistan Limited Orix Leasing

PGLC Pak Gulf Leasing Company Limited Pak Gulf Leasin

PICL Pakistan Industrial and Commercial Leasing Limited Pak.Com.Leasing

SLL SME Leasing Limited SME Leasing Ltd

SPLC Saudi Pak Leasing Company Limited Saudi Pak Leasi

SLCL Security Leasing Corporation Limited Security Leasin

Security Leasing Corporation Limited - 9.1% Preference

SLCPA Sec.Lea(Pr)9.1
Shares

LEATHER & TANNERIES

Symbol Company Name Short Name

BATA Bata Pakistan Limited Bata (Pak)

FIL Fateh Industries Limited. Fateh Industries

LEUL Leather Up Industries Limited Leather Up Ltd.

PAKL Pak Leather Crafts Limited Pak Leather

SRVI Service Industries Limited Service Ind.Ltd

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MISCELLANEOUS

Symbol Company Name Short Name

AKDCL AKD Capital Limited AKD Capital

AKGL Al-Khair Gadoon Limited AL-Khair Gadoon

ARPAK Arpak International Investment Limited Arpak Int.

DCTL Dadabhoy Construction Technology Limited Dadabhoy Const.

DIIL Diamond Industries Limited Diamond Ind.

ECOP Ecopack Limited ECOPACK Ltd

GOC GOC (Pak) Limited. GOC (Pak) Ltd.

GAMON Gammon Pakistan Limited Gammon Pak

HACC Hashmi Can Company Limited Hashimi Can

HADC Haydary Construction Company Limited Haydery Const

MACFL Macpac Films Limited MACPAC Films

MWMP Mandviwala Mauser Plastic Industries Limited Mandviwala

PACE Pace (Pakistan) Limited Pace (Pak) Ltd.

PHDL Pakistan Hotels Developers Limited Pak Hotels

PSEL Pakistan Services Limited Pak Services

SHFA Shifa International Hospitals Limited Shifa Int.Hosp

STPL Siddiqsons Tin Plate Limited Siddiqsons Tin

SPEL Synthetic Products Enterprises Limited Synthetic Prod

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Symbol Company Name Short Name

TPLP TPL Properties Limited TPL Properties

TRIPF Tri-Pack Films Limited Tri-Pack Films

UBDL United Brands Limited United Brands

UDPL United Distributors Pakistan Limited United Dist.

MODARABAS

Symbol Company Name Short Name

ARM Allied Rental Modarba Allied Rent.

AWWAL Awwal Modaraba Awwal Modaraba

BFMOD B.F. Modaraba B.F.Modaraba

BRR B.R.R. Guardian Modaraba B.R.R.Guardian

CSM Crescent Standard Modaraba Cres. Stand.Mod

FANM First Al-Noor Modarba AL-Noor Mod

FCONM First Constellation Modaraba Constellation M

FECM First Elite Capital Modaraba Elite Cap.Mod

FEM First Equity Modarba Equity ModarabaXD

FFLM First Fidelity Leasing Modaraba 1st.Fid.Leasing

FHAM First Habib Modarba Limited Habib Modaraba

FIBLM First IBL Modaraba I.B.L.Modaraba

FIMM First Imrooz Modaraba Limited Imrooz Modaraba

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Symbol Company Name Short Name

FIM First Investec Modaraba First Inv. Mod

FNBM First National Bank Modarba Nat.Bank Mod.

PAKMI First Pakistan Modarba Pak Mod.

FPRM First Paramount Modaraba Paramount Mod

PMI First Prudential Modarba Prud Mod.1st

FPJM First Punjab Modarba Punjab ModXD

FTMM First Treet Manufacturing Modarba F.Treet Manuf

FTSM First Tri-Star Modarba Tri-Star 1st. M

FUDLM First UDL Modarba U.D.L.Modaraba

HMM Habib Metro Modaraba Habib Metro Mod

KASBM KASB Modaraba KASB Mod

MODAM Modaraba Al - Mali Mod.Al-Mali

ORM Orient Rental Mod Orient Rental M

ORIXM Orix Modaraba Orix Modaraba

PIM Popular Islamic Modaraba Popular Islamic Mod.

SINDM Sindh Modaraba Sindh Modaraba

TRSM Trust Modarba Trust Modaraba

UCAPM UNICAP Modarba Unicap Modaraba

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OIL & GAS EXPLORATION COMPANIES

Symbol Company Name Short Name

MARI Mari Petroleum Company Limited Mari Petroleum

OGDC Oil and Gas Development Company Limited Oil & Gas Dev.

POL Pakistan Oilfields Limited Pak Oilfields

PPL Pakistan Petroleum Limited Pak Petroleum

OIL & GAS MARKETING COMPANIES

Symbol Company Name Short Name

APL Attock Petroleum Limited Attock Petroleum

BPL Burshane LPG (Pakistan) Limited Burshane LPG

HASCOL Hascol Petroleum Limited Hascol Petrol

HTL Hi-Tech Lubricants Limited HI-Tech Lub.

PSO Pakistan State Oil Company Limited P.S.O.

SHEL Shell Pakistan Limited Shell Pakistan

SNGP Sui Northern Gas Pipelines Limited Sui North Gas

SSGC Sui Southern Gas Company Limited Sui South Gas

PAPER & BOARD

Symbol Company Name Short Name

ABSON Abson Industries Limited Abson Industries

BPBL Baluchistan Particle Board Limited B.P.Board

CEPB Century Paper and Board Mills Limited Century Paper

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Symbol Company Name Short Name

CPPL Cherat Packaging Limited. Cherat Pack

DBSL Dadabhoy Sack Limited Dadabhoy Sack

MERIT Merit Packaging Limited Merit Packaging

PKGS Packages Limited Packages Ltd.

PPP Pakistan Paper Prouducts Limited Pak Paper Prod

RPL Roshan Packages Limited Roshan Packages

SEPL Security Paper Limited Security Paper

PHARMACEUTICALS

Symbol Company Name Short Name

ABOT Abbot Laboatories (Pakistan) Limited Abbott Lab.

FEROZ Ferozsons Laboratories Limited Ferozsons (Lab)

GLAXO GlaxoSmithKline (Pakistan) Limited GlaxoSmithKline

GSKCH GlaxoSmithKline Consumer Healthcare Pakistan Limited Glaxo Healthcare Pak

HINOON Highnoon Laboratories Limited Highnoon (Lab)

IBLHL IBL HealthCare Limited IBL HealthCare

MACTER Macter International Limited Macter Int. Ltd

OTSU Otsuka Pakistan Limited Otsuka Pakistan Ltd.

SAPL Sanofi-Aventis Pakistan Limited Sanofi-Aventis

SEARL The Searle Company Limited The Searle Co.

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Symbol Company Name Short Name

WYETH Wyeth Pakistan Limited Wyeth Pak Ltd

AGP AGP Limited AGP Limited.(XD)

POWER GENERATION & DISTRIBUTION

Symbol Company Name Short Name

ALTN Altern Energy Limited Altern Energy

AEL Arshad Energy Limited Arshad Energy

EPQL Engro Powergen Qadirpur Limited Engro Powergen

GENP Genertech Pakistan Limited Genertech Pakistan

HUBC Hub Power Company Limited Hub Power Co.

JPGL Japan Power Generation Limited Japan Power

KEL K-Electric Limited K-Electric Ltd.

KOHE Kohinoor Energy Limited Kohinoor Energy

KOHP Kohinoor Power Company Limited Kohinoor Power

KAPCO Kot Addu Power Company Limited Kot Addu Power

LPL Lalpir Power Limited Lalpir Power

NCPL Nishat Chunian Power Limited Nishat ChunPow

NPL Nishat Power Limited Nishat Power

PKGP PAKGEN Power Limited Pakgen Power

SGPL S.G. Power Limited S.G.Power

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Symbol Company Name Short Name

SPWL Saif Power Limited Saif Power Ltd.

SEL Sitara Energy Limited Sitara Energy

SEPCO Southern Electric Power Company Limited Southern Electric

TSPL Tri-Star Power Limited Tri-Star Power XD

REAL ESTATE INVESTMENT TRUST

Symbol Company Name Short Name

DCR Dolmen City Reit Dolmen City REIT.

REFINERY

Symbol Company Name Short Name

ATRL Attock Refinery Limited Attock Refinery

BYCO Byco Petroleum Pakistan Limited Byco Petroleum

NRL National Refinery Limited National Refinery

PRL Pakistan Refinery Limited Pak Refinery

SUGAR & ALLIED INDUSTRIES

Symbol Company Name Short Name

AGSML Abdullah Shah Ghazi Sugar Mills Limited Abdullah Shah

ADAMS Adam Sugar Mills Limited Adam Sugar

AABS Al-Abbas Sugar Mills Limited AL-Abbas SugarXD

ALNRS Al-Noor Sugar Mills Limited AL-Noor Sugar

ANSM Ansari Sugar Mills Limtied Ansari SugarXD

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Symbol Company Name Short Name

BAFS Baba Farid Sugar Mills Limited Baba Farid

CHAS Chashma Sugar Mills Limited. Chashma SugarXD

DWSM Dewan Sugar Mills Limited Dewan Sugar

FRSM Faran Sugar Mills Limited Faran Sugar

HABSM Habib Sugar Mills Limited Habib SugarXD

HAL Habib-ADM Limited Habib-ADM LtdXD

HWQS Haseeb Waqas Sugar Mills Limited Haseeb Waqas Sugar

HSM Husein Sugar Mills Limited Husein Sugar Mills

IMSL Imperial Sugar Limited Imperial Sugar Ltd.

JDWS J.D.W. Sugar Mills Limited J.D.W.Sugar

JSML Jauharabad Sugar Mills Limited Jauharabad SugXD

KPUS Khairpur Sugar Mills Limited Khairpur Sugar

MRNS Mehran Sugar Mills Limited Mehran SugarXD

MIRKS Mirpurkhas Sugar Mills Limited Mirpurkhas Sugar

MZSM Mirza Sugar Mills Limited Mirza Sugar

NONS Noon Sugar Mills Limited Noon SugarXD

PNGRS Pangrio Sugar Mills Limited Pangrio Sugar

PMRS Premier Sugar Mills and Distillery Company Limited Premier Suger

SKRS Sakrand Sugar Mills Limited Sakrand Sugar

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Symbol Company Name Short Name

SLSO Saleem Sugar Mills Limited (O) Salim (O)

SLSOPP Saleem Suger Mills Limited (PP) Salim (PP)

SLSOPVI Saleem Suger Mills Ltd .(P) 6% Salim (P)6%

SANSM Sanghar Sugar Mills Limited Sanghar Sugar

SHSML Shahmurad Sugar Mills Limited Shahmurad SugarXD

SHJS Shahtaj Sugar Mills Limited Shahtaj SugarXD

SML Shakarganj Limited Shakarganj LimitedXD

SASML Sind Abadgar Sugar Mills Limited Sindh Abadgar

TSML Tandlianwala Sugar Mills Limited Tandlianwala Sugar

TICL Thal Industries Corporation Limited Thal Ind.Corp.XD

ANSMR Ansari Sugar(R) Ansari Sugar Mills Ltd.(XD)

SYNTHETIC & RAYON

Symbol Company Name Short Name

AASM Al-Abid Silk Mills Limited AL-Abid Silk Mills

DSFL Dewan Salman Fibre Limited Dewan Salman

GATI Gatron Industries Limited Gatron Ind.

IBFL Ibrahim Fibre Limited Ibrahim Fibres

NAFL National Fibres Limited National Fiber

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Symbol Company Name Short Name

NSRM National Silk and Rayon Mills Limited National Silk

NORS Noor Silk Mills Limited Noor Silk

PSYL Pakistan Synthetics Limited Pak Synthetics

RUPL Rupali Polyester Limited Rupali Polyester

SGABL S.G. Allied Businsses Limited SG.Allied

TRPOL Tri-Star Polyester Limited Tri-Star Poly

TECHNOLOGY & COMMUNICATION

Symbol Company Name Short Name

AVN Avanceon Limited Avanceon Ltd

HUMNL Hum Network Limited Hum Network

MDTL Media Times Limited Media Times Ltd

NETSOL NetSol Technologies Limited Netsol Tech.

PAKD Pak Datacom Limited Pak Datacom

PTC Pakistan Telecommunication Company Limited P.T.C.L.

SYS Systems Limited Systems Limited

TRG TRG Pakistan Limited TRG Pak Ltd

TELE Telecard Limited Telecard Limited

WTL WorldCall Telecom Limited WorldCall Telecom

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TEXTILE COMPOSITE

Symbol Company Name Short Name

COST (Colony) Sarhad Textile Mills Limited (Colony) Sarhad

COTT (Colony) Thal Textile Mills Limited (Colony) Thal

AHTM Ahmed Hassan Textile Mills Limited Ahmed Hassan

ADMM Artistic Denim Mills Limited Artistic Denim

ARUJ Aruj Industries Limited Aruj Industries

ANLPS Azgard Nine - 8.95% Convertable Preference Shares Azgard (Pref) 8.95%

ANL Azgard Nine Limited Azgard Nine

ANLNV Azgard Nine Limited (Non Voting Shares) Azgard(Non-Voti)

BHAT Bhanero Textile Mills Limited Bhanero Tex

BTL Blessed Textile Mills Limited Blessed Tex.

CHBL Chenab Limited Chenab Limited

CLCPS Chenab Limited - Preference Shares Chenab Ltd.(Pref)

CRTM Crescent Textile Mills Limited Crescent Tex.

DLL Dawood Lawrancepur Limited Dawood Law

FASM Faisal Spinning Mills Limited Faisal Spinning

FSWL Fateh Sports Wear Limited Fateh Sports

FTHM Fateh Textile Mills Limited Fateh Textile Mills

GFIL Ghazi Fabrics International Limited Ghazi Fabrics

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Symbol Company Name Short Name

GATM Gul Ahmed Textile Mills Limited Gul Ahmed

HAFL Hafiz Limited Hala Enterprise

HAEL Hala Enterprises Limited Hafiz Limited

HATM Hamid Textile Mills Limited Hamid Textile

HUSI Husein Industries Limited Hussain Industries

INKL International Knitwear Limited Int.Knitwear

ISTM Ishaq Textile Mills Limited Ishaq Textiles

JUBS Jubilee Spinning and Weaving Mills Limited Jubilee Spinning

KAKL Kaiser Art and Kraft Mills Limited Kaiser Art

KHYT Khyber Textile Mills Limited Khyber Textile

KOIL Kohinoor Industries Limited Kohinoor Ind.

KML Kohinoor Mills Limited Kohinoor Mills

KTML Kohinoor Textile Mills Limited Kohinoor Textile

MSOTPS Masood Tex.(Pref) Masood(Pre)

MSOT Masood Textile Mills Limited Masood Textile

MEHT Mehmood Textile Mills Limited Mehmood Tex.

MTIL Mian Textile Industries Limited Mian Textile

MFTM Mohummed Farooq Textile Mills Limited Mohd.Farooq

MUBT Mubarak Textile Mills Limited Mubarak Textile

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Symbol Company Name Short Name

NINA Nina Industries Limited Nina Industries

NCL Nishat Chunian Limited Nishat (Chun.)

NML Nishat Mills Limited Nishat Mills Ltd

PASM Paramount Spinning Mills Limited Paramount Sp

QUET Quetta Textile Mills Limited Quetta Textile

REDCO Redco Textiles Limited Redco Textile

REWM Reliance Weaving Mills Limited Reliance Weaving

SFLL SFL Limited SFL Limited

SFAT Safa Textiles Limited Safa Textile

SFL Sapphire Fibers Limited Sapphire Fiber

SAPT Sapphire Textile Mills Limited Sapphire Tex

SCHT Schon Textiles Limited Schon Textile

STML Shams Textile Mills Limited Shams Textile

SURC Suraj Cotton Mills Limited Suraj Cotton

TAJT Taj Textile Mills Limited Taj Textile

TOWL Towellers Limited Towellers Limited

USMT Usman Textile MIlls Limited Usman Textile

ZAHID Zahidjee Textile Mills Limited ZahidJee Tex.

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Symbol Company Name Short Name

ZHCM Zahoor Cotton Mills Limited Zahoor Cotton

TEXTILE SPINNING

Symbol Company Name Short Name

ADTM Adil Textile Mills Limited Adil Textile

AZTM Al-Azhar Textile Mills Limited AL-Azhar Textile

AQTM Al-Qaim Textile Mills Limited Al-Qaim Textile

AATM Ali Asghar Textile Mills Limited Ali Asghar Textile

AWTX Allawasaya Textile & Weaving Mills Limited Allawasaya Tex

AMTEX Amtex Limited Amtex Limited

ANNT Annoor Textile Mills Limited Annoor Textile

APOT Apollo Textile Mills Limited Apollo TextileXD

ASTM Asim Textile Mills Limited Asim Textile

AYTM Ayesha Textile Mills Limited Ayesha Textile

AZMT Azmat Textile Mills Limited Azmat Textile

BCML Babri Cotton Mills Limited Babri Cotton

BILF Bilal Fibres Limited Bilal Fibres

BROT Brothers Textile Mills Limited Brothers Textile

CWSM Chakwal Spinning Mills Limited Chakwal Spinning

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Symbol Company Name Short Name

CTM Colony Textile Mills Limited Colony Tex.Mills Ltd

CCM Crescent Cotton Mills Limited Crescent Cotton

CFL Crescent Fibres Limited Crescent Fibres

DMTX D.M. Textile Mills Limited D.M.Textile

DSIL D.S. Industires Limited D.S. Ind. Ltd.

DSML Dar-es-Salaam Textile Mills Limited Dar-es-Salaam

DATM Data Textile Limited Data Textile

DFSM Dewan Farooque Spinning Mills Limited Dewan Farooque Sp.

DKTM Dewan Khalid Textile Mills Limited Dewan Khalid

DMTM Dewan Mushtaq Textile Mills Limited Dewan Mushtaq

DWTM Dewan Textile Mills Limited Dewan Textile

DINT Din Textile Mills Limited Din Textile

ELCM Elahi Cotton Mills Limited Elahi Cotton

ELSM Ellcot Spinning Mills Limited Ellcot Spinning

FAEL Fatima Enterprizes Limited Fatima Enterprise

FZCM Fazal Cloth Mills Limited Fazal Cloth

GADT Gadoon Textile Mills Limited Gadoon Textile

GLAT Glamour Textile Mills Limited Glamour Textile

GOEM Globe (OE) Textile Mills Limited Globe Tex.(O.E)

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Symbol Company Name Short Name

GLOT Globe Textile Mills Limited Globe Textile

GUSM Gulistan Spinning Mills Limited Gulistan Sp.

GUTM Gulistan Textile Mills Limited Gulistan Textile

GSPM Gulshan Spinning Mills Limited Gulshan Sp.

HMIM Haji Mohammed Ismail Mills Limited H.M.Ismail

HAJT Hajra Textile Mills Limited Hajra Textile

HIRAT Hira Textile Mills Limited Hira Textile

IDSM Ideal Spinning Mills Limited Ideal Spinning

IDRT Idrees Textile Mills Limited Idrees Textile

IDYM Indus Dyeing Manufacturing Company Limited Indus Dyeing

ISHT Ishtiaq Textile Mills Limited Ishtiaq Textile

ILTM Island Textile Mills Limited Island Textile

JATM J.A. Textile Mills Limited J.A.Textile

JKSM J.K. Spinning Mills Limited J.K.Spinning

JDMT Janana-de-Malucho Textile Mills Limited Janana D Mal

KACM Karim Cotton Mills Limited Karim Cotton

KSTM Khalid Siraj Textile Mills Limited Khalid Siraj

KHSM Khurshid Spinning Mills Limited Khurshid Spinning

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Symbol Company Name Short Name

KOHTM Kohat Textile Mills Limited Kohat Textile

KOSM Kohinoor Spinning Mills Limited Kohinoor Spining

LMSM Land Mark Spinning Industries Limited Land Mark Spinning

MQTM Maqbool Textile Mills Limited Maqbool Textile

MDTM Mehr Dastgir Textile Mills Limited Mehr Dastgir

MUKT Mukhtar Textile Mills Limited Mukhtar Textile

NPSM N.P. Spinning Mills Limited N. P. Spinning

NATM Nadeem Textile Mills Limited Nadeem Textile

NAGC Nagina Cotton Mills Limited Nagina Cotton

NCML Nazir Cotton Mills Limited Nazir Cotton Mills

OML Olympia Mills Limited Olympia Mills

PRET Premium Textile Mills Limited Premium Tex.

RAVT Ravi Textile Mills Limited Ravi Textile

RCML Reliance Cotton Spinning Mills Limited Reliance Cotton

RUBY Ruby Textile Mills Limited Ruby Textile

SAIF Saif Textile Mills Limited Saif Textile

SJTM Sajjad Textile Mills Limited Sajjad Tex.

SALT Salfi Textile Mills Limited Salfi Textile

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Symbol Company Name Short Name

SLYT Sally Textile Mills Limited Sally Textile

SANE Salman Noman Enterpries Limited Salman Noman

SNAI Sana Industries Limited Sana Industries

SRSM Sargodha Spinning Mills Limited Sargoda Spinning

SSML Saritow Spinning Mills Limited Saritow Spinning

SERT Service Textile Industries Limited Service Textile

SHDT Shadab Textile Mills Limited Shadab Textile

SHCM Shadman Cotton Mills Limited Shadman Cotton

SZTM Shahzad Textile Mills Limited Shahzad Tex

SUTM Sunrays Textile Mills Limited Sunrays Textile

SUCM Sunshine Cotton Mills Limited Sunshine Cotton

TATM Tata Textile Mills Limited Tata Textile

SZTM Shehzad Textile Shahzad Tex.

TEXTILE WEAVING

Symbol Company Name Short Name

ASHT Ashfaq Textile Mills Limited Ashfaq Textile

FML Feroze 1888 Mills Limited Feroze 1888

HKKT Hakkim Textile Mills Limited Hakkim Textile

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Symbol Company Name Short Name

ICCT I.C.C. Textile Limited I.C.C.Textile

MOHE Mohib Exports Limited Mohib Exports

PRWM Prosperity Weaving Mills Limited Prosperity Weav

PCML Punjab Cotton Mills Limited Punjab Cotton M

SDOT Sadoon Textile Mills Limited Sadoon Textile

SDIL Saleem Denim Industries Limited Saleem Denim

SMTM Samin Textiles Limited Samin Textile

SERF Service Fabircs Limited Service Fabrics

STJT Shahtaj Textile Mills Limited Shahtaj Textile

YOUW Yousuf Weaving Mills Limited Yousuf Weaving

ZTL Zephyr Textile Limited Zephyr Textile

TOBACCO

Symbol Company Name Short Name

KHTC Khyber Tobacco Company Limited Khyber TobaccoXB

PAKT Pakistan Tobacco Company Limited Pak Tobacco

PMPK Philip Morris (Pakistan) Limited Philip Morris Pak.

TRANSPORT

Symbol Company Name Short Name

PIAA Pakistan International Airlines Corporation P.I.A.C.(A)

PIAB Pakistan International Airlines Corporation (B Class Shares) P.I.A.C.(B)

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Symbol Company Name Short Name

PIBTL Pakistan International Bulk Terminal Limited Pak Int.Bulk

PICT Pakistan International Container Terminal Limited Pak.Int.Cont.

PNSC Pakistan National Shipping Corporation Limited P.N.S.C

VANASPATI & ALLIED INDUSTRIES

Symbol Company Name Short Name

UNITY Unity Foods Limited Unity Foods Ltd

EXTR Extraction (Pakistan) Limited Extraction

MOIL Morafco Industries Limited Morafco

POML Punjab Oil Mills Limited Punjab Oil

SSOM S.S. Oil Mills Limited S.S.Oil

SURAJ Suraj Ghee Industries Limited Suraj Ghee

WOOLLEN

Symbol Company Name Short Name

BNWM Bannu Woollen Mills Limited Bannu Woollen

MOON Moonlite (Pakistan) Limited Moonlite (PAK)

CHEMICAL

Symbol Company Name Short Name

AGL Agritech Limited Agritech Limited

AGLNCPS Agritech Limited Non-voting Class (Pref Shares) Agritechn-v(PRE) "A"

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Symbol Company Name Short Name

AKZO Akzo Nobel Pakistan Limited Akzo Nobel Pak.

ARPL Archroma Pakistan Limited Archroma Pak

BAPL Bawany Air Product Limited Bawany Air Products

BERG Berger Paints Pakistan Limited Berger Paints

BIFO Biafo Industries Limited Biafo Ind.

BUXL Buxly Paints Limited Buxly Paints

COLG Colgate Palmolive (Pakistan) Limited Colgate Palmolive

DAAG Data Agro Limited Data Agro

DOL Descon Oxychem Limited Descon Oxychem

Descon Oxychem Limited (12%Non-Voting

DOLCPS Descon Oxy12%(N
Preference Shares)

DYNO Dynea Pakistan Limited Dynea Pakistan

EPCL Engro Polymer and Chemicals Limited Engro Polymer

GGL Ghani Gases Limited Ghani Gases

ICI I.C.I. Pakistan Limited ICI Pakistan

ICL Ittehad Chemical Limited Ittehad Chem.

LPGL Leiner Pak Gelatine Limited Leiner Pak Gelat

LINDE Linde Pakistan Limited Linde Pakistan

LOTCHEM Lotte Chemical Pakistan Limited Lotte Chemical

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Symbol Company Name Short Name

NICL Nimir Industrial Chemicals Limited Nimir Ind.Chem.

NRSL Nimir Resins Limited Nimir Resins

PGCL Pakistan Gum and Chemiclas Limited Pak Gum & Chem.

PPVC Pakistan PVC Limited Pak.P.V.C.

SARC Sardar Chemical Industries Limited Sardar Chemical

SHCI Shaffi Chemical Industries Limited Shaffi Chemical

SITC Sitara Chemical Industries Limited Sitara Chemical

SPL Sitara Peroxide Limited Sitara Peroxide

WAHN Wah Noble Chemicals Limited Wah-Noble

PAKOXY Pakistan Oxygen Limited Pakistan Oxygen Limited.

CLOSE - END MUTUAL FUND

Symbol Company Name Short Name

DOMF Dominion Stock Fund Limited Dominion Stock

FDMF First Dawood Mutual Fund F. Dawood Mut.Fund

GASF Golden Arrow Selected Funds Limited Golden Arrow

INMF Investec Mutual Fund Inv. Mutual Fund

PGF PICIC Growth Fund PICIC Growth

PIF PICIC Investment Fund PICIC Inv.Fund

PUDF Prudential Stocks Fund Limited P.S.Fund

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Symbol Company Name Short Name

TSMF Tri-Star Mutual Fund Limited Tri-Star Mutual

COMMERCIAL BANKS

Symbol Company Name Short Name

ABL Allied Bank Limited Allied Bank Ltd

AKBL Askari Bank Limited Askari Bank

BAFL Bank Al-Falah Limited Bank Al-Falah

BAHL Bank Al-Habib Limited Bank AL-Habib

BOK Bank Of Khyber Limited Bank Of Khyber

BOP Bank Of Punjab Limited B.O.Punjab

BIPL Bankislami Pakistan Limited Bankislami Pak.

FABL Faysal Bank Limited Faysal Bank

HBL Habib Bank Limited Habib Bank

HMB Habib Metropolitan Bank Limited Habib Metropol.

JSBL JS Bank Limited JS Bank Ltd

MCB MCB Bank Limited MCB Bank Ltd

MEBL Meezan Bank Limited Meezan Bank

NBP National Bank Of Pakistan National Bank

SBL Samba Bank Limited Samba Bank

SILK Silkbank Limited Silk Bank Ltd

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Symbol Company Name Short Name

SNBL Soneri Bank Limited Soneri Bank Ltd

SCBPL Standard Chartered Bank Limited St.Chart.Bank

SMBL Summit Bank Limited Summit Bank

UBL United Bank Limited United Bank

ENGINEERING

Symbol Company Name Short Name

ADOS Ados Pakistan Limited Ados Pakistan

ASL Aisha Steel Mills Limited Aisha Steel Mill

ASLPS Aisha Steel Mills Limited (Preference Shares) Aisha StelCoP/S

ASLCPS Aisha Steel Mills Ltd(Con.Cum.Pref.Share Aisha Steel(CPS

ASTL Amreli Steels Ltd. Amreli Steels

BCL Bolan Casting Limited Bolan Casting

CSAP Crescent Steel & Allied Products Limited Crescent Steel

DADX Dadex Eternit Limited Dadex Eternit

DSL Dost Steels Limited Dost Steels Ltd.

DKL Drekkar Kingsway Limited Drekkar Kings

HSPI Huffaz Seamless Pipe Industries Limited Huffaz Seamless

INIL International Industries Limited Int. Ind.Ltd.

ISL International Steels Limited Inter.Steel Ltd

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Symbol Company Name Short Name

ITTEFAQ Ittefaq Iron Industries Limited Ittefaq Iron Ind Ltd

KSBP K.S.B. Pumps Co. Limited K.S.B.Pumps

MSCL Metropolitan Steel Corporation Limited Metro Steel

MUGHAL Mughal Iron and Steel Industries Limited Mughal Iron

PECO Pakistan Engineering Company Limited Pak Engineering

QUSW Quality Steel Works Limited Quality Steel

FOOD & PERSONAL CARE PRODUCTS

Symbol Company Name Short Name

ASC Al-Shaheer Corporation Limited Al-Shaheer Corp

CLOV Clover Pakistan Limited Clover Pakistan

EFOODS Engro Foods Limited Engro Foods Ltd.

FFL Fauji Foods Limited Fauji Foods Ltd

FFLNV Fauji Foods Limited Non Voting Fauji FoodsNonV

GLPL Gillette Pakistan Limited Gillette Pak

GIL Goodluck Industries Limited Goodluck Ind.

ISIL Ismail Industries Limited Ismail Ind

MFFL Mitchells Fruit Farms Limited MithchellsFruit

MUREB Murree Brewery Company Limited Murree Brewery

NATF National Foods Limited National Foods

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Symbol Company Name Short Name

NESTLE Nestle Pakistan Limited Nestle Pakistan

NMFL Nirala MSR Foods Limited Nirala MSR Food

QUICE Quice Food Limited Quice Food

RMPL Rafhan Maize Products Limited Rafhan Maize

SHEZ Shezan International Limited Shezan Inter.

SCL Shield Corporation Limited Shield Corp.

TREET Treet Corporation Limited Treet Corp

TCLTC Treet Corporation Limited (Pref Term Certificates) Treet Corp(PTCs)

UPFL Unilever Pakistan Foods Limited Unilever Foods

ZIL ZIL Limited ZIL Limited

MFL Matco Foods Limited Matco Foods Ltd

FERTILIZER

Symbol Company Name Short Name

AHCL Arif Habib Corporation Limited Arif Habib Corp

DAWH Dawood Hercules Corporation Limited Dawood Hercules

ENGRO Engro Corporation Limited Engro Corp

EFERT Engro Fertilizers Limited Engro Fert.

FATIMA Fatima Fertilizer Company Limited Fatima Fert.

FFBL Fauji Fertilizer Bin Qasim Limited Fauji Fert Bin

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Symbol Company Name Short Name

FFC Fauji Fertilizer Company Limited Fauji Fert.

GLASS & CERAMICS

Symbol Company Name Short Name

BGL Baluchistan Glass Limited Bal.Glass

EMCO Emco Industries Limited Emco Industries Ltd

FRCL Frontier Ceramics Limited Frontier Ceram

GHGL Ghani Glass Limited Ghani Glass Ltd

GGGL Ghani Global Glass Limited GhaniGlobalGlass

GVGL Ghani Value Glass Limited Ghani Value Gla.

KCL Karam Ceramics Limited Karam Ceramics

REGAL Regal Ceramics Limited Regal Ceramics

STCL Shabbir Tiles and Ceramics Limited Shabbir Tiles

TGL Tariq Glass Industries Limited Tariq Glass Ind.

INSURANCE

Symbol Company Name Short Name

AICL Adamjee Insurance Company Limited Adamjee Ins.

ASIC Asia Insurance Company Limited Asia Insurance

AGIC Askari General Inusrance Company Limited Ask.Gen.Insur.

ATIL Atlas Insurance Limited Atlas Ins. Ltd

BEEM Beema Pakistan Company Limited Beema Pakistan

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Symbol Company Name Short Name

BIIC Business & Industrial Insurance Company Business Insurance

CENI Century Insurance Comany Limited Century Ins.

CSIL Crescent Star Insurance Company Limited Cres.Star Ins.

CYAN Cyan Limited Cyan Limited

EFUG EFU General Insurance Limited EFU General

EFUL EFU Life Assurance Limited EFU Life Assr

EWIC East West Insurance Company Limited East West Ins.

EWLA East West Life Assurance Company Limited East West Life

HICL Habib Insurance Company Limited Habib Ins.

HCL Hallmark Company Limited Hallmark Company Ltd

IGIIL IGI Insurance Limited IGI Insurance

IGIL IGI Life Insurance Company Limited IGI Life Ins

JGICL Jubilee General Insurance Company Limited Jubilee Gen.Ins

JLICL Jubilee Life Insurance Company Limited Jubile Life InsXD

PIL PICIC Insurance Limited PICIC Ins.Ltd.XR

PKGI Pakistan General Insurance Company Limited Pak Gen.Ins.

PAKRI Pakistan Reinsurance Company Limited Pak Reinsurance

PINL Premier Insurance Limited Premier Ins.XB

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Symbol Company Name Short Name

PRIC Progressive Insurance Company Limited Progressive Insuranc

RICL Reliance Insurance Company Limited Reliance Ins.

SHNI Shaheen Insurance Company Limited Shaheen Ins.

SSIC Silver Star Insurance Co. Limited Silver Star Ins

SICL Standard Insurance Company Limited Standard Insurance

TPLI TPL Insurance Limited TPL Insurance

UNIC United Insurance Company of Pakistan Limited United Insuranc

UVIC Universal Insurance Company Limited Universal Ins.

IGIHL IGI Holdings Limited IGI Holdings Limited.(XD)

Pattern of Shareholding
PSX constitutes of 40% shareholding by a consortium of Chinese investors (Shanghai Stock
Exchange, Shenzhen Stock Exchange, & China Financial Futures Exchange), and 60% by
general public, which includes initial shareholders, local and foreign investors.

Objective:
The objective of PSX is to provide a safe, reliable, efficient and consistent marketplace where
investors can buy and sell common stock of listed companies and other securities. For over
60 years, the Exchange has facilitated capital formation, serving a wide spectrum of
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participants, including individual and institutional investors, the trading community and listed
companies.