The latest KMI-30 Index Recomposition has triggered fresh excitement among investors and market watchers after the Pakistan Stock Exchange announced major changes to one of the country’s most closely followed Shariah-compliant indices.
The Pakistan Stock Exchange Limited completed the re-composition exercise for the KMI-30 Index based on the Shariah status of listed companies as of December 31, 2025. The revised list will officially become effective from Monday, May 25, 2026.
The development is being viewed as a major signal for institutional investors, Islamic funds and retail traders who closely track the movement of Shariah-compliant companies on the exchange.
KMI-30 Index Recomposition Brings Three New Entrants
Under the latest KMI-30 Index Recomposition, three companies successfully secured their place in the prestigious index.
The new entrants include:
• Nishat Mills Limited
• Treet Corporation Limited
• Honda Atlas Cars Pakistan Limited
These companies replaced:
• Cnergyico PK Limited
• GlaxoSmithKline Pakistan Limited
• Millat Tractors Limited
The reshuffle was approved by the Index Committee along with the exchange’s official Shariah Advisor, making the changes fully compliant with the established methodology of the KMI-30 Index.
Why the KMI-30 Index Matters for Investors
The KMI-30 Index is considered one of the most influential Islamic market benchmarks in Pakistan. It tracks the top 30 Shariah-compliant companies listed on the Pakistan Stock Exchange based on market capitalization, liquidity and sector performance.
A company’s inclusion often boosts investor confidence because many Islamic mutual funds and institutional investors prefer or are required to invest only in Shariah-compliant stocks.
This means companies entering the index can witness stronger investor attention, higher trading volumes and improved market sentiment.
On the other hand, firms exiting the index may experience reduced institutional interest, especially from Islamic investment portfolios.
Honda Atlas and Nishat Mills Gain Investor Spotlight
One of the biggest talking points in the latest KMI-30 Index Recomposition is the entry of Honda Atlas Cars Pakistan Limited.
The automobile sector has recently witnessed renewed investor attention amid improving sales expectations, easing import restrictions and hopes of economic recovery. Honda Atlas joining the KMI-30 Index may further strengthen investor confidence in Pakistan’s auto sector.
Nishat Mills Limited also made a strong comeback into the spotlight. As one of Pakistan’s largest textile groups, the company’s inclusion reflects its continued financial strength and relevance within the country’s export-driven economy.
Meanwhile, Treet Corporation Limited surprised many market observers with its successful entry into the elite Shariah-compliant group.
Complete List of KMI-30 Index Companies After Recomposition
Following the KMI-30 Index Recomposition, the index now includes companies from major sectors including cement, energy, banking, pharmaceuticals, automobiles, technology and fertilizers.
The final constituent companies include Air Link Communication, Attock Refinery, Citi Pharma, D.G. Khan Cement, Engro Fertilizers, Engro Holdings, Fauji Cement, Fauji Fertilizer, Fauji Foods, Ghandhara Automobiles, Ghandhara Industries, Honda Atlas Cars, Hub Power, Lucky Cement, Mari Energies, Meezan Bank, Maple Leaf Cement, Nishat Mills, National Refinery, Oil and Gas Development Company, Pak Elektron, Pakistan Petroleum, Pakistan Refinery, Pakistan State Oil, Sazgar Engineering Works, The Searle Company, Sui Northern Gas Pipelines, Sui Southern Gas Company, Systems Limited and Treet Corporation.
KMI-30 Index Recomposition Signals Changing Market Trends
The latest KMI-30 Index Recomposition also highlights changing investor priorities in Pakistan’s stock market.
Sectors linked to energy, cement, automobiles and technology continue to dominate investor focus, while traditional sectors are facing tougher competition to maintain their place in benchmark indices.
Analysts believe the latest reshuffle may influence short-term trading activity as fund managers adjust their portfolios before the revised index officially takes effect.
With investor confidence gradually returning to the Pakistan Stock Exchange, the updated KMI-30 Index could become a key indicator of where smart money is moving in 2026.