November 15, 2025 (MLN): Fauji Fertilizer Company Limited (FFC), Pakistan’s largest fertilizer producer and one of the country’s strongest Shariah-compliant corporates, has been officially added to the KSE-Meezan 30 Index (KMI-30).

This follows the Pakistan Stock Exchange’s latest recomposition exercise for the review period January 1, 2025, to June 30, 2025.

The updated KMI-30 index, representing Pakistan’s top 30 liquid, high-capitalization Shariah-compliant companies, will take effect from Monday, November 24, 2025.

According to the PSX, the recomposition reflects adherence to the Shariah methodology approved by the Meezan Bank Shariah Supervisory Board and is based on liquidity, free-float market capitalization, and financial screening.

FFC’s inclusion strengthens the representation of the fertilizer sector in the Islamic index. At the same time, Pioneer Cement Limited exits the index in this cycle.

Incoming and Outgoing Constituents

Background on KMI-30

The KSE-Meezan 30 Index tracks the performance of the 30 most liquid, high-capitalization Shariah-compliant equities on the Pakistan Stock Exchange. Constituents are re-evaluated semiannually based on:

• Shariah compliance screening (debt, non-compliant income, investments, liquidity)
• Free-float market capitalization
• Liquidity and trading activity
• Sectoral and business activity filters

FFC continues to remain one of the country’s premier Shariah-compliant blue chips, often serving as a benchmark stock for Islamic equity funds.

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