The Pakistan Stock Exchange (PSX) has rebalanced the NBP Pakistan Growth Index (NBPPGI), revising the weight allocations of its constituent companies, with the updated composition taking effect on Friday, November 6, 2026. The rebalancing exercise was conducted as of October 30, 2026, in accordance with the applicable index rules published by the exchange. According to a PSX notice issued on November 5 under reference number PSX/N-1362, the revised weights reflect the latest composition of the index, which includes companies operating across the banking, energy, fertiliser, power, cement and technology sectors. Fauji Fertilizer Company Limited (FFC) and Oil & Gas Development Company Limited (OGDC) have received the highest allocations, with each carrying a weight of 10% in the index.
Pakistan Petroleum Limited (PPL) follows with a weight of 9.70%, while United Bank Limited (UBL) has been assigned 9.40%. The Hub Power Company Limited (HUBC) holds a weight of 8.12%, placing it among the larger constituents of the revised index. National Bank of Pakistan (NBP) and Meezan Bank Limited (MEBL) have both received allocations of 7.18%. Engro Holdings Limited (ENGROH) carries a weight of 6.83%, followed by Lucky Cement Limited (LUCK) at 6.29% and Mari Energies Limited (MARI) at 6.22%. These allocations represent the index’s exposure to major companies across several important segments of Pakistan’s listed corporate sector.
The revised index also includes Habib Bank Limited (HBL), which has been assigned a weight of 5.46%, while MCB Bank Limited (MCB) carries 3.79%. Engro Fertilizers Limited (EFERT) has received a 3.47% allocation, followed by Systems Limited (SYS) at 3.36% and Bank AL Habib Limited (BAHL) at 3.00%. The constituent list therefore includes several major financial institutions alongside energy producers, industrial companies and technology businesses. The banking sector representation includes UBL, NBP, Meezan Bank, HBL, MCB and Bank AL Habib, while the energy segment features OGDC, PPL and Mari Energies.
The latest rebalancing establishes the revised distribution of the NBP Pakistan Growth Index among its 15 constituent companies, with FFC and OGDC jointly holding the largest individual allocations. The updated weights became applicable from November 6 following the exchange’s November 5 notification. PSX conducts index-related adjustments under established rules to maintain the composition and weighting structure of its market indices. The revised NBPPGI allocations provide investors and market participants with updated information about the relative representation of individual companies within the index, including the exposure assigned to major banking, energy and industrial stocks.
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