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KMI 30 Index
| Foundation | 2008 |
|---|---|
| Operator | Karachi Stock Exchange Limited |
| Exchanges | Karachi Stock Exchange |
| Constituents | 30 |
| Weighting method | Capitalization-weighted index |
KMI 30 Index 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[1] 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).[2]
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.
- ^ "Index Tracker Funds".
- ^ "No, the stock market is not an accurate indicator of the economy". Profit by Pakistan Today. 22 August 2021.
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