The Pakistan Stock Exchange (PSX) has included 41 new companies in the All-Share Islamic Index in the recent re-composition exercise, which will become effective on 11 April. The All-Share Islamic Index which is created by the PSX and Meezan Bank, measures the performance of the Shariah-complaint portion of the national offer market. Moreover, 26 organizations have been expelled from the list since they did not qualify as Shariah- complaint stocks anymore. The index will consist of 238 companies on 11 April and along these lines incorporate every single recorded company that presently meet Shariah screening standards for the All-Share Islamic Index.
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