KMI 30 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]

KMI 30 Index

Foundation	2008 (2008)
Operator	Karachi Stock Exchange Limited
Exchanges	Karachi Stock Exchange
Constituents	30
Weighting method	Capitalization-weighted index

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.

Selection criteria

For any stock to be "Shariah compliant" it must meet all of the following six criteria:

1. Business of the company
2. Debt to total assets
3. Illiquid assets to total assets
4. Net liquid assets to share price
5. Non-compliant investments to total assets
6. Non-compliant income to total revenue

Constituents

Current

• Air Link Communication
• Attock Refinery
• DG Cement
• Engro Fertilizers
• Engro Holdings
• Engro Polymer
• Faysal Bank
• Fauji Cement
• Fauji Foods
• Ghandhara Industries
• Honda Atlas Cars
• Hub Power
• K-Electric
• Lucky Cement
• Mari Petroleum
• Meezan Bank
• Maple Leaf Cement
• Millat Tractors
• National Refinery
• Oil & Gas Development Company
• Pak Elektron
• Pioneer Cement
• Pakistan Petroleum Limited
• Pakistan Refinery Limited
• Pakistan State Oil
• Sazgar Engineering Works
• The Searle Company Limited
• Sui Northern Gas Pipelines
• Systems Limited
• Unity Foods

Former

• Cherat Cement Company Limited
• Dolmen City REIT
• Interloop Limited
• NetSol Technologies Limited
• Nishat Mills Limited
• Shell Pakistan Limited
• TPL Properties Limited

See also

• KSE-30
• KSE-100