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Meezan Bank replaces PEL in MZNPI

June 10, 2026 (MLN): Pakistan Stock Exchange (PSX) has the Meezan Pakistan Index (MZNPI) based on the review conducted as of May 25, 2026, in accordance with the relevant index rules.

As a result of the latest review, Meezan Bank Limited (MEBL) has been added to the index, replacing Pak Elektron Limited (PAEL). The changes came into effect on June 10, 2026.

The revised index comprises 12 Shariah-compliant companies, with Fauji Fertilizer Company Limited (FFC) retaining the highest weight of 15%, followed by Engro Holdings Limited (ENGROH) at 13.13% and Meezan Bank Limited (MEBL) at 11.23%.

Changes in MZNPI

IncomingOutgoing
Meezan Bank Limited (MEBL)Pak Elektron Limited (PAEL)


Revised MZNPI Constituents and Weights

S.No.SymbolCompanyWeight
1FFCFauji Fertilizer Company Limited15.00%
2ENGROHEngro Holdings Limited13.13%
3MEBLMeezan Bank Limited11.23%
4HUBCThe Hub Power Company Limited10.87%
5OGDCOil & Gas Development Company Limited10.00%
6LUCKLucky Cement Limited9.77%
7PPLPakistan Petroleum Limited7.57%
8MARIMari Energies Limited7.43%
9PSOPakistan State Oil Company Limited4.23%
10DGKCD.G. Khan Cement Company Limited3.59%
11ATRLAttock Refinery Limited3.59%
12MLCFMaple Leaf Cement Factory Limited3.59%


The MZNPI tracks a portfolio of Shariah-compliant stocks listed on the Pakistan Stock Exchange and serves as a benchmark for Islamic equity investments in Pakistan.