Islamic Indices

Islamic indices are a subset of stock market indices that measure the performance of
companies that have been screened to be Islamic Shariah compliant. To pass the
criteria of Shariah compliance, the companies cannot conduct business activities
involving alcohol, tobacco and pork-related products. Have no investments in
entertainment (hotels, gambling, cinema/movie theatres, music, pornography etc),
defense industry like weapons manufacturing and conventional financial services (ie
banking, insurance) or those involving interest.

KMI-30 Index
KSE Meezan Index (KMI–30) is one such Islamic index on the Pakistan Stock
Exchange (PSX). It is composed of thirty companies that do business in accordance
with the Shariah criteria. The index is recomposed semi-yearly and currently comprises
companies like Engro Corporation limited, OGDCL, SNGPL, Pakistan Petroleum limited
and so on.

PSX-KMI All Shares Index

This index is composed of all Shariah compliant companies that are listed on the PSX. Like the
KMI-30 this index was a joint venture between Karachi Stock Exchange and Meezan Bank
Limited.

Sectoral Indices
These indices track the performance of specific industries or sectors. This makes it easier for
investors to compare their stock to the whole sector that the stock belongs to. Some common
examples of sector groupings are: healthcare, energy, technology and so on. Sector indices are
also useful in gauging how a particular sector of the economy of a country is performing.

Oil and Gas Tradable Sector Index

(OGTI)
The objective of OGTI is to have a benchmark by which the stock price performance of the Oil &
Gas Sector can be gauged and compared over a period of time. The index tracks at least 80%
free-float market capitalization of the sector. Currently the index comprises Pakistan Oilfields,
Oil & Gas Development Co, Pakistan Petroleum and Pakistan State Oil Co.
Banking Sector Tradable Index (BKTI)
BKTI like OGTI is a benchmark by which the performance of the sector is gauged over a period
of time. Similar to OGTI, the index tracks 80% free-float market capitalization of the sector and
does not consider the locked-in shares held by insiders, government etc. MCB Bank Ltd.,
National Bank of Pakistan, United Bank Ltd, Habib Bank Ltd,Bank Al Habib Ltd, Bank Alfalah
Ltd. and Allied Bank Ltd were part of the index as of November 2011.

NITPG Index:
The aim of the index is to track the performance of stocks that represent top 50% free
float market capitalization of KSE-100 index.

UPP9 Index:
The Index aims to track the performance of top 9 companies with highest free float
market capitalization of KSE-100 index (excluding Oil and Gas sector companies).