KMI 30 Index
Pakistani stock market index
From Wikipedia, the free encyclopedia
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 on 2 September 2008,[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]
| Foundation | 2 September 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.[3]
Selection criteria
For any stock to be "Shariah compliant" it must meet all of the following six criteria:[4]
- Core business of the company must be halal
- Interest-bearing debt to total assets should be less than 37%
- Illiquid assets to total assets should be greater than 25%
- Net liquid assets per share should be less than the market share price
- Non-compliant investments to total assets should be less than 33%
- Non-compliant income to total revenue should be less than 5%
Constituents
Current (as of 31 December 2025)
Source:[5]
- Air Link Communication Limited
- Attock Refinery
- Citi Pharma Limited
- Cnergyico PK Limited
- DG Cement
- Engro Fertilizers
- Engro Holdings
- Fauji Cement
- Fauji Fertilizer Company Limited
- Fauji Foods
- Ghandhara Industries
- Ghandhara Automobiles Limited
- GlaxoSmithKline Pakistan
- Hub Power Company
- Lucky Cement
- Mari Energies
- Meezan Bank
- Maple Leaf Cement
- Millat Tractors
- National Refinery Limited
- Oil & Gas Development Company
- Pak Elektron
- Pakistan Petroleum
- Pakistan Refinery Limited
- Pakistan State Oil
- Sazgar Engineering Works
- Sui Southern Gas Company Limited
- The Searle Company Limited
- Sui Northern Gas Pipelines Limited
- Systems Limited