KMI 30 Index

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]

KMI 30 Index

Foundation	2 September 2008 (2008-09-02)
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]

1. Core business of the company must be halal
2. Interest-bearing debt to total assets should be less than 37%
3. Illiquid assets to total assets should be greater than 25%
4. Net liquid assets per share should be less than the market share price
5. Non-compliant investments to total assets should be less than 33%
6. Non-compliant income to total revenue should be less than 5%

Constituents

Current (as of 31 December 2024)^[5]

• Attock Refinery
• Avanceon
• DG Cement
• Engro Fertilizers
• Engro Holdings
• Faysal Bank
• Fauji Cement
• Fauji Foods
• Ghandhara Industries
• Ghandhara Automobiles Limited
• Honda Atlas Cars
• Hub Power Company
• Lucky Cement
• Mari Energies
• Meezan Bank
• Maple Leaf Cement
• Millat Tractors
• NetSol Technologies Limited
• Octopus Digital
• Oil & Gas Development Company
• Pak Elektron
• Pioneer Cement
• Pakistan Petroleum
• Pakistan Refinery Limited
• Pakistan State Oil
• Sazgar Engineering Works
• The Searle Company Limited
• The Organic Meat Company Limited
• Sui Northern Gas Pipelines Limited
• Systems Limited

Former

• Air Link Communication
• Cherat Cement Company Limited
• Dolmen City REIT
• Interloop Limited
• K-Electric
• National Refinery Limited
• Nishat Mills Limited
• Shell Pakistan Limited
• TPL Properties Limited
• Unity Foods

See also

• KSE-30
• KSE-100