LAHORE – Lahore Stock Exchange Limited has recomposed LSE’s -25 Index. By the Management of the LSE an exercise has been carried out to recompose the LSE-25 Index on the basis of the top volume leader companies for the period from January 1, 2012 to December 31, 2012. The LSE-25 Index has been recomposed in accordance with its policy to do the exercise on semiannual basis which has been implemented.
The recomposed index replaced three Companies named Attock Refinary Limited, Nishat Mills Limited, Summit Bank Limited by Flying Cement Company Limited, Pakistan Int’l Airline Corporation (A) and Wateen Telecom Limited.
At this occasion LSE MD/ CEO Aftab Ahmed Chaudhry said that the methodology of LSE-25 Index shall be shifted to free-float base in view to offset the asymmetry of the market volume based LSE-25 Index. The LSE is committed to the stock investors to provide them exact and transparent reflection of the market in the shape of upward and downward trend of listed scrip’s traded in the Lahore Stock market on daily basis which commensurate with its movement of Index.