RECOMPOSITION OF PSX - KMI ALL SHARE ISLAMIC INDEX FOR THE PERIOD ENDED DECEMBER 2022 (COMPLETE RATIOS)

Illiquid
Debt Investme Income Share Price
Assets Net Liquid
Ratio nt Ratio Ratio as of Final Shariah
No. Ticker Company Name Objective Ratio Assets Ratio
(D/A < (NCInv/TA (NCInc/T December Status
(IA/TA => (NLA < P)
37%) < 33%) R < 5%) 30 2022
25%)
1 ABOT Abbott Lab (Pakistan) Ltd Compliant 0.37% 2.45% 1.56% 61.53% (38.47) 0 Compliant
2 ACPL Attock Cement Pakistan Ltd * Compliant 28.57% 0.19% 0.06% 87.98% (149.42) 0 Compliant
3 ADMM Artistic Denim Mills Ltd * Compliant 43.19% 0.00% 0.01% 76.95% (119.52) 0 Non-Compliant
4 AGHA Agha Steel Ind * Compliant 36.97% 0.00% 0.50% 78.92% (26.04) 0 Compliant
5 AGIL Agriauto Industries Ltd * Compliant 12.17% 0.84% 0.19% 78.98% (39.78) 0 Compliant
6 AGL Agritech Limited Compliant 65.62% 0.00% 0.43% 93.04% (162.62) 0 Non-Compliant
7 AGP AGP Limited Compliant 4.79% 0.00% 0.29% 87.25% (11.81) 0 Compliant
8 AGSML Abdullah Shah Ghazi Sugar Mills Compliant 21.14% 0.00% 100.00% 96.92% (44.86) 0 Non-Compliant1
9 AGTL Al-Ghazi Tractors Ltd Compliant 8.06% 0.00% 0.36% 53.70% (59.74) 0 Compliant
10 AIRLINK Air Link Communication Limited * Compliant 36.99% 10.88% 0.17% 47.01% (1.14) 0 Compliant
11 ALTN Altern Energy Ltd * Compliant 0.92% 1.13% 14.75% 45.33% 34.45 17.69 Non-Compliant
12 ANL Azgard Nine Ltd * Compliant 18.99% 0.65% 0.63% 62.58% (11.01) 0 Compliant
13 APL Attock Petroleum Ltd * Compliant 9.63% 23.29% 0.86% 53.14% (33.75) 0 Compliant
14 ARPL Archroma Pakistan Ltd Compliant 1.35% 0.00% 0.00% 48.21% (64.61) 0 Compliant1
15 ASC Al Shaheer Corporation Ltd * Compliant 1.51% 0.00% 0.00% 54.50% 1.70 10.2 Compliant
16 ASL Aisha Steel Ltd * Compliant 41.10% 0.00% 0.08% 73.07% (23.44) 0 Non-Compliant
17 ASTL Amreli Steels Ltd * Compliant 41.93% 3.35% 0.00% 77.25% (65.61) 0 Non-Compliant
18 ATBA Atlas Battery Ltd * Compliant 35.58% 1.44% 0.09% 80.31% (163.18) 0 Compliant
19 ATLH Atlas Honda Ltd Compliant 0.51% 12.65% 2.15% 43.76% (18.54) 0 Compliant1
20 ATRL Attock Refinery Ltd * Compliant 0.11% 6.57% 1.33% 57.58% (101.69) 0 Compliant
21 AVN Avanceon Limited # Compliant 4.73% 0.36% 0.07% 8.19% 30.38 66.03 Compliant
22 BCL Bolan Castings Ltd * Compliant 27.65% 0.00% 0.02% 71.57% (50.36) 0 Compliant
23 BECO Beco Steel Limited (Ravi Textile) * Compliant 0.02% 0.02% 0.00% 76.37% (0.90) 0 Compliant3
24 BERG Berger Paints Pakistan Ltd * Compliant 13.24% 2.47% 0.08% 52.90% (33.41) 0 Compliant
25 BGL Balochistan Glass Ltd * Compliant 31.83% 0.00% 0.18% 98.34% (6.56) 0 Compliant
26 BIFO Biafo Industries Ltd * Compliant 14.70% 6.38% 0.82% 72.94% (0.87) 0 Compliant
27 BIPL BankIslami Pakistan Ltd. ** Compliant N/A N/A N/A 44.54% (171.70) 0 Compliant
28 BNL Bunnys Limited * Compliant 27.16% 0.00% 0.00% 81.77% (18.87) 0 Compliant
29 BRR B.R.R. Guardian Modaraba ** Compliant N/A N/A N/A 97.05% (6.95) 0 Compliant
30 BUXL Buxly Paints Ltd * Compliant 6.23% 0.00% 0.00% 50.24% (57.20) 0 Compliant
31 BWCL Bestway Cement Ltd * Compliant 35.63% 18.98% 2.60% 77.07% (116.92) 0 Compliant
32 BWHL Baluchistan Wheels Ltd * Compliant 1.18% 28.87% 3.85% 65.29% 35.12 70.83 Compliant
33 CEPB Century Paper & Board Mills * Compliant 32.26% 0.00% 0.02% 75.86% (64.60) 0 Compliant
34 CHCC Cherat Cement Co. Ltd * Compliant 13.91% 0.01% 0.04% 92.17% (88.86) 0 Compliant
35 CLOV Clover Pakistan Ltd * Compliant 0.00% 7.10% 0.14% 29.27% 2.75 16.07 Compliant
36 CLVL Cordoba Logistics * Compliant 0.43% 0.00% 2.93% 65.71% 2.36 6.85 Compliant

37 CNERGY Cnergyico PK Limited (Byco Petroleum) * Compliant 41.70% 0.00% 0.75% 92.18% (19.79) 0 Non-Compliant

38 COLG Colgate Palmolive (Pakistan) * Compliant 4.29% 21.68% 1.25% 61.84% 13.57 1850 Compliant
39 CPHL Citi Pharma Limited * Compliant 6.14% 22.31% 0.68% 54.68% (1.28) 24.15 Compliant
40 CPPL Cherat Packaging Ltd * Compliant 42.20% 0.22% 0.01% 74.85% (171.57) 0 Non-Compliant
41 CRTM Crescent Textile Mills Ltd *** Compliant 37.85% 0.12% 0.05% 80.68% (71.11) 0 Compliant
42 CSAP Crescent Steel & Allied Products * Compliant 14.20% 28.23% 1.57% 48.46% 21.85 31.98 Compliant
43 CTM Colony Textile Mills Ltd * Compliant 35.14% 0.54% 0.05% 84.51% (31.09) 0 Compliant
44 DAWH Dawood Hercules Corporation Compliant 34.49% 13.56% 4.52% 62.73% (481.11) 0 Compliant
45 DCL Dewan Cement Ltd * Compliant 16.54% 0.00% 0.00% 93.56% (33.57) 0 Compliant
46 DFML Dewan Farooque Motors Ltd * Compliant 185.84% 0.00% 0.00% 56.15% (34.73) 0 Non-Compliant
47 DFSM Dewan Farooq Spinning Mills Ltd * Compliant 26.67% 0.00% 0.00% 94.41% (15.35) 0 Compliant
48 DGKC D.G. Khan Cement Co. Ltd * Compliant 36.13% 10.41% 2.54% 83.11% (107.91) 0 Compliant
49 DOL Descon Oxychem Ltd * Compliant 12.22% 18.49% 0.28% 68.96% (2.34) 0 Compliant
50 DSIL DS Industries Ltd * Compliant 0.00% 21.14% 0.48% 9.15% 2.09 2.45 Non-Compliant
51 ECOP EcoPack Ltd * Compliant 52.13% 0.27% 0.01% 81.63% (26.44) 0 Non-Compliant
52 EFERT Engro Fertilizers Ltd Compliant 15.92% 8.16% 1.14% 73.26% (46.04) 0 Compliant
53 ENGRO Engro Corporation Ltd Compliant 34.34% 19.81% 4.77% 56.26% (314.24) 0 Compliant
54 EPCL Engro Polymer & Chemicals Compliant 16.74% 13.27% 1.34% 75.62% (41.21) 0 Compliant
55 EPQL Engro Powergen Qadirpur Ltd Compliant 25.72% 1.86% 9.06% 50.34% 2.91 24.78 Non-Compliant
56 EXIDE Exide Pakistan Ltd Compliant 3.76% 0.00% 0.02% 72.96% (330.24) 0 Compliant1
57 FABL Faysal Bank Ltd. ** Compliant N/A N/A N/A 52.26% (323.66) 0.00 Compliant
58 FATIMA Fatima Fertilizer Co. Ltd Compliant 9.93% 2.19% 1.14% 72.73% (26.16) 0 Compliant
59 FCCL Fauji Cement Co. Ltd * Compliant 29.99% 0.68% 0.53% 91.12% (20.77) 0 Compliant
Frieslandcampins Engro Foods Limited
60 FCEPL Compliant 7.54% 5.76% 0.25% 59.76% (10.53) 0 Compliant
(Engro Foods Ltd.)
61 FECM First Elite Capital Modaraba Compliant N/A N/A N/A 85.88% (3.46) 0 Compliant
62 FECTC Fecto Cement Ltd * Compliant 35.06% 1.38% 0.22% 91.69% (59.75) 0 Compliant
63 FEROZ Ferozsons Laboratories Ltd * Compliant 23.70% 7.35% 1.67% 75.43% (94.43) 0 Compliant
64 FFBL Fauji Fertilizer Bin Qasim Ltd Compliant 35.83% 12.41% 3.32% 54.54% (50.20) 0 Compliant
65 FFC Fauji Fertilizer Company Ltd Compliant 22.01% 44.73% 12.74% 40.07% (7.74) 0 Non-Compliant
66 FFL Fauji Foods Ltd Compliant 55.92% 0.00% 1.37% 67.31% (3.49) 0 Non-Compliant
67 FHAM First Habib Modaraba ** Compliant N/A N/A N/A 97.44% (73.79) 0 Compliant
68 FLYNG Flying Cement Co. Ltd * Compliant 19.91% 0.00% 0.00% 94.95% (11.95) 0 Compliant
69 FPJM First Punjab Modaraba ** Compliant N/A N/A N/A 76.46% (44.47) 0 Compliant3
70 FUDLM First UDL Modaraba ** Compliant N/A N/A N/A 86.44% 0.79 6.24 Compliant
71 FZCM Fazal Cloth Mills Ltd * Compliant 34.53% 0.77% 0.02% 85.49% (1221.67) 0 Compliant
72 GATM Gul Ahmed Textile Mills Ltd * Compliant 44.14% 0.05% 0.05% 79.38% (106.84) 0 Non-Compliant
73 GEMUNSL Universal Network Systems Limited* Compliant 4.12% 4.54% 2.00% 34.92% 17.02 67.09 Compliant
74 GGGL Ghani Global Glass Ltd * Compliant 16.91% 0.00% 0.05% 79.18% (4.62) 0 Compliant
75 GGL Ghani Global Holdings Limited * Compliant 14.54% 6.30% 0.43% 63.68% 0.70 11.25 Compliant
76 GHGL Ghani Glass Ltd * Compliant 0.16% 0.00% 0.00% 77.42% (5.88) 0 Compliant
77 GHNI Ghandhara Industries Ltd * Compliant 17.63% 0.00% 0.51% 65.85% (122.57) 0 Compliant
78 GHNL Ghandhara Nissan Ltd * Compliant 16.46% 0.00% 1.17% 73.87% (78.69) 0 Compliant
79 GLAXO GlaxoSmithKline Pakistan Compliant 0.17% 0.00% 1.71% 61.00% (1.97) 0 Compliant
80 GTYR General Tyre & Rubber Co. * Compliant 40.88% 0.00% 0.00% 72.05% (66.78) 0 Non-Compliant
81 GVGL Ghani Value Glass Ltd * Compliant 0.00% 0.00% 0.33% 76.21% (5.55) 0 Compliant
82 GWLC Gharibwal Cement Ltd * Compliant 5.72% 0.00% 1.39% 87.77% (15.68) 0 Compliant
83 HABSM Habib Sugar Mills Ltd Compliant 0.13% 34.83% 2.07% 61.12% 8.32 35.75 Non-Compliant1
Haleon Pakistan Limited (Glaxo
84 HALEON Compliant 1.03% 6.41% 0.93% 58.36% (14.93) 0 Compliant
SmithKline Consumer Healthcare)
85 HCAR Honda Atlas Cars (Pakistan) Ltd Compliant 1.73% 10.33% 1.88% 56.81% (151.79) 0 Compliant1
86 HINOON Highnoon Laboratories Ltd * Compliant 5.85% 10.69% 1.32% 59.03% 28.34 540.15 Compliant
87 HTL Hi-Tech Lubricants Ltd *** Compliant 37.65% 1.82% 0.25% 84.21% (35.46) 0 Compliant
88 HUBC Hub Power Company Ltd * ## Compliant 35.45% 24.23% 4.50% 40.10% (9.53) 0 Compliant
89 ICL Ittehad Chemicals Ltd * Compliant 20.29% 0.25% 0.10% 70.60% (40.89) 0 Compliant
90 IDYM Indus Dyeing & Mfg Co. Ltd. * Compliant 53.00% 1.09% 0.22% 74.08% (532.94) 0 Non-Compliant
91 ILP Interloop Limited * Compliant 34.81% 0.48% 0.03% 70.31% (43.33) 0 Compliant
92 SEARL The Searle Company Limited Compliant 7.51% 0.20% 0.05% 59.19% (9.76) 0 Compliant
93 IMAGE Image Pakistan Limited * Compliant 5.62% 0.00% 0.00% 77.13% (1.60) 0 Compliant
94 INDU Indus Motor Company Ltd * Compliant 0.25% 41.63% 6.44% 31.63% 79.96 1004.9 Non-Compliant
95 INIL International Industries Ltd * Compliant 23.70% 0.00% 0.05% 84.38% (278.99) 0 Compliant
96 ISL International Steels Ltd * Compliant 22.22% 0.00% 0.03% 87.17% (57.10) 0 Compliant
97 ITTEFAQ Ittefaq Iron Industries Compliant 15.42% 0.00% 0.12% 58.86% (9.77) 0 Compliant
98 JSML Jauharabad Sugar Mills Ltd. Compliant 8.14% 0.16% 0.00% 95.84% (81.70) 0 Compliant1
99 KAPCO Kot Addu Power Company * Compliant 12.29% 20.74% 15.02% 39.31% 26.79 26.65 Non-Compliant
100 KASBM KASB Modaraba ** Compliant N/A N/A N/A 88.83% (1.25) 0 Compliant
101 KEL K-Electric Ltd * Compliant 23.29% 2.74% 0.49% 47.28% (10.82) 0 Compliant
102 KOHC Kohat Cement Co. Ltd * Compliant 8.17% 25.50% 2.15% 69.28% (8.92) 0 Compliant
103 KOHE Kohinoor Energy Ltd Compliant 23.63% 0.00% 0.81% 38.85% 10.00 32.98 Compliant
104 KOHP Kohinoor Power Company * Compliant 0.00% 0.02% 3.84% 66.36% 3.36 4.64 Compliant
105 KOIL Kohinoor Industries Ltd * Compliant 0.00% 1.06% 52.88% 87.48% 3.05 5.31 Non-Compliant
106 KOSM Kohinoor Spinning Mills Ltd * Compliant 119.84% 0.00% 0.00% 86.64% (20.06) 0 Non-Compliant
107 KSBP K.S.B.Pumps Company Ltd Compliant 27.74% 0.00% 0.47% 40.38% (23.28) 0 Compliant
108 KTML Kohinoor Textile Mills Ltd * Compliant 29.64% 1.45% 0.45% 88.95% (165.21) 0 Compliant
Lucky Core Industries Limited (ICI
109 LCI Compliant 24.34% 0.00% 0.02% 62.56% (70.74) 0 Compliant
Pakistan) *
110 LOADS Loads Limited * Compliant 38.79% 0.07% 0.07% 75.80% (12.76) 0 Non-Compliant
111 LOTCHEM Lotte Chemical Pakistan Ltd Compliant 5.35% 27.58% 1.46% 40.05% 3.74 25.9 Compliant
112 LPL Lalpir Power Ltd ^^ Compliant 13.60% 0.02% 2.10% 33.61% 26.96 15.13 Compliant
113 LUCK Lucky Cement Ltd * Compliant 31.14% 1.83% 0.50% 78.31% (585.02) 0 Compliant
114 MACFL MACPAC Films Ltd * Compliant 0.00% 0.00% 0.00% 72.27% (20.78) 0 Compliant
115 MARI Mari Petroleum Co. Ltd * Compliant 0.38% 8.31% 3.14% 53.46% 287.70 1546 Compliant
116 MEBL Meezan Bank Ltd ** Compliant N/A N/A N/A 93.38% (1280.66) 0 Compliant
117 MERIT Merit Packaging Ltd * Compliant 36.70% 0.00% 0.00% 63.99% (10.13) 0 Compliant
118 META Meta Tech Health Limited * Compliant 0.00% 0.00% 0.00% 98.22% (40.16) 8.26 Compliant
119 MFFL Mitchell's Fruit Farms Ltd Compliant 28.33% 0.00% 0.01% 73.39% (46.07) 0 Compliant
120 MFL Matco Foods Ltd * Compliant 54.56% 0.01% 0.12% 85.58% (75.26) 0 Non-Compliant
121 MLCF Maple Leaf Cement Factory * Compliant 22.30% 0.84% 0.06% 92.87% (33.11) 0 Compliant
122 MODAM Modaraba al Mali ** Compliant N/A N/A N/A 97.32% (1.37) 0 Compliant
123 MRNS Mehran Sugar Mills Ltd Compliant 38.53% 3.27% 0.13% 89.48% (52.07) 0 Non-Compliant1
124 MTL Millat Tractors Ltd * Compliant 33.90% 0.00% 0.41% 73.31% (121.90) 0 Compliant
125 MUGHAL Mughal Iron & Steel Industries * Compliant 23.47% 0.00% 0.09% 76.25% (60.83) 0 Compliant
126 NAGC Nagina Cotton Mills Ltd. * Compliant 44.24% 9.41% 1.05% 67.19% (180.04) 0 Non-Compliant
127 NATF National Foods Ltd * Compliant 39.63% 5.18% 0.10% 77.28% (62.96) 0 Non-Compliant
128 NCL Nishat (Chunian) Ltd * Compliant 57.08% 0.08% 0.05% 79.76% (154.79) 0 Non-Compliant
129 NCPL Nishat Chunian Power Ltd * ^^ Compliant 4.74% 1.17% 4.55% 41.62% 27.03 14.23 Compliant
130 NETSOL NetSol Technologies Ltd * # Compliant 9.58% 0.00% 0.30% 17.97% 66.67 85.84 Compliant
131 NML Nishat Mills Ltd * Compliant 32.19% 12.68% 1.86% 67.43% (54.51) 53.9 Compliant
132 NPL Nishat Power Limited * Compliant 2.91% 0.06% 5.52% 40.34% 46.35 19.88 Non-Compliant
133 NRL National Refinery Ltd * Compliant 18.98% 0.00% 0.01% 73.22% (468.08) 0 Compliant
134 NRSL Nimir Resins Ltd * Compliant 44.09% 0.00% 0.00% 54.47% (1.69) 0 Non-Compliant
Oilboy Energy Limited (Drekkar Kingsway
135 OBOY Compliant 0.00% 0.00% 0.00% 5.33% 3.80 6.37 Compliant
Ltd) *
136 OCTOPUS Octopus Digital Limited Compliant 0.00% 0.00% 9.24% 5.82% 14.05 56.38 Non-Compliant
137 OGDC Oil & Gas Development Co. Ltd * ^^^ Compliant 0.00% 18.43% 6.44% 25.63% 149.26 79.66 Compliant
138 OLPM OLP Modaraba (Orix Modaraba) ** Compliant N/A N/A N/A 90.60% (108.12) 0 Compliant
139 OTSU Otsuka Pakistan Ltd. * Compliant 39.53% 0.00% 0.11% 60.91% (47.81) 0 Non-Compliant
140 PABC Pakistan Aluminium Beverages Compliant 22.57% 1.93% 1.38% 73.93% (12.39) 0 Compliant
141 PACE Pace (Pakistan) Ltd * Compliant 83.65% 0.00% 1.21% 83.66% (22.00) 0 Non-Compliant
142 PAEL Pak Elektron Ltd * Compliant 30.00% 0.04% 0.00% 60.10% (1.82) 0 Compliant
143 PAKD Pak DataCom Ltd. * # Compliant 4.30% 7.60% 1.73% 10.17% 77.30 56.99 Compliant
144 PAKOXY Pakistan Oxygen Limited * Compliant 41.17% 0.00% 0.02% 79.08% (102.75) 0 Non-Compliant
145 PCAL Pakistan Cables Ltd * Compliant 40.89% 0.00% 0.00% 74.65% (167.07) 0 Non-Compliant
146 PHDL Pakistan Hotels Developers Ltd * Compliant 0.00% 0.00% 0.32% 98.17% (13.26) 0 Compliant
Pakistan International Airlines
147 PIAA Compliant 136.97% 0.00% 0.37% 82.81% (144.43) 0 Non-Compliant
Corporation Limited (PIACL)
Pakistan International Bulk Terminal Ltd
148 PIBTL Compliant 25.91% 0.00% 0.19% 86.96% (6.29) 0 Compliant
*
Pakistan International Container
149 PICT Compliant 0.00% 0.00% 0.73% 14.91% 8.51 159.53 Compliant
Terminal * #
150 PIOC Pioneer Cement Ltd * Compliant 21.35% 0.00% 0.03% 95.10% (160.92) 0 Compliant
151 PKGP Pakgen Power Ltd ^^ Compliant 2.28% 0.02% 2.85% 30.62% 45.78 30 Compliant
152 PKGS Packages Limited Compliant 35.71% 4.27% 0.52% 78.16% (761.95) 0 Compliant
153 PMI First Prudential Modaraba ** Compliant N/A N/A N/A 81.48% (0.26) 0 Compliant

154 PNSC Pakistan National Shipping Corporation * Compliant 3.99% 13.82% 2.42% 62.13% 83.98 101.75 Compliant

155 POL Pakistan Oilfields Ltd * Compliant 0.00% 13.57% 10.06% 27.46% 67.81 392 Non-Compliant
156 POWER Power Cement Ltd * Compliant 14.77% 4.17% 0.86% 81.38% (20.88) 0 Compliant
157 PPL Pakistan Petroleum Limited * ^^ Compliant 0.00% 10.29% 3.40% 26.22% 110.16 68.14 Compliant
158 PREMA At-Tahur Limited * Compliant 9.67% 0.00% 0.03% 87.05% (6.05) 0 Compliant
159 PRET Premium Textile Mills Ltd. * Compliant 45.12% 0.00% 0.00% 78.69% (2021.65) 0 Non-Compliant
160 PRL Pakistan Refinery Ltd * Compliant 26.51% 27.42% 0.05% 60.36% (41.75) 0 Compliant
161 PSMC Pak Suzuki Motor Co. Ltd * Compliant 11.20% 0.00% 1.15% 44.55% (355.64) 0 Compliant
162 PSO Pakistan State Oil Co. Ltd * Compliant 33.23% 0.00% 0.47% 40.18% (317.49) 0 Compliant
163 PSX Pakistan Stock Exchange Ltd. * Compliant 2.93% 44.61% 17.79% 45.81% 5.45 13.75 Non-Compliant
164 PTC Pakistan Telecommunication (PTCL) Compliant 55.37% 21.87% 3.99% 50.14% (65.03) 0 Non-Compliant
165 PTL Panther Tyres Limited * Compliant 35.92% 0.00% 0.07% 72.60% (45.39) 0 Compliant
166 QUICE Quice Food Industries Ltd * Compliant 0.00% 0.00% 0.18% 85.60% (5.59) 0 Compliant
167 REWM Reliance Weaving Mills * Compliant 53.92% 5.73% 0.02% 74.73% (485.38) 0 Non-Compliant
168 RPL Roshan Packages Ltd * Compliant 6.38% 0.00% 0.36% 70.37% (2.16) 0 Compliant
169 RUPL Rupali Polyester Ltd. * Compliant 23.28% 0.00% 0.07% 91.15% (107.13) 0 Compliant
170 SAZEW Sazgar Engineering Works * Compliant 0.01% 0.00% 0.00% 71.51% (90.53) 0 Compliant
171 SEPL Security Papers Ltd * Compliant 0.40% 38.33% 9.50% 41.59% 55.82 93.55 Non-Compliant
172 SGABL S.G. Allied Businesses Ltd. * Compliant 8.16% 0.00% 0.00% 97.38% (17.28) 0 Compliant
173 SGF Service Global Footwear Limited Compliant 24.81% 0.00% 4.54% 57.46% (10.19) 0 Compliant
174 SGPL SG Power Ltd. * Compliant 0.00% 0.00% 0.00% 59.84% 0.10 5.03 Compliant
175 SHEL Shell (Pakistan) Ltd Compliant 6.55% 0.00% 0.09% 73.87% (282.95) 0 Compliant
176 SHEZ Shezan International Ltd. * Compliant 32.84% 0.00% 0.05% 81.46% (187.91) 0 Compliant
177 SHFA Shifa International Hospitals * Compliant 4.23% 4.46% 0.49% 71.98% (29.88) 0 Compliant
178 SIEM Siemens (Pakistan) Engineering Compliant 0.49% 7.68% 0.15% 11.05% 561.57 759 Non-Compliant1
179 SITC Sitara Chemical Industries Ltd * Compliant 0.00% 0.00% 0.00% 81.16% (511.78) 0 Compliant
180 IBLHL IBL HealthCare Limited Compliant 3.07% 0.00% 0.00% 45.09% 6.42 37.6 Compliant
181 SMCPL Safe Mix Concrete Ltd * Compliant 0.00% 0.00% 0.04% 49.18% (1.71) 0 Compliant
182 SNGP Sui Northern Gas Pipelines Ltd ^ Compliant 25.13% 0.00% 0.89% 24.47% (371.96) 0 Compliant3
183 SPEL Synthetic Products Ltd * Compliant 12.98% 3.72% 0.02% 81.11% (2.69) 0 Compliant
184 SPL Sitara Peroxide Ltd * Compliant 10.15% 0.00% 0.20% 77.89% (19.73) 0 Compliant
185 SPWL Saif Power Ltd Compliant 40.05% 22.61% 0.05% 37.47% 4.83 18.86 Non-Compliant
186 SRVI Service Industries Ltd Compliant 51.00% 0.36% 0.24% 77.64% (886.50) 0 Non-Compliant
187 SSGC Sui Southern Gas Co. Ltd ^ Compliant 14.70% 0.08% 1.04% 22.75% (188.44) 0 Compliant3
188 SSML Saritow Spinning Mills Ltd. * Compliant 38.24% 0.00% 0.00% 82.91% (47.00) 0 Non-Compliant
189 STCL Shabbir Tiles & Ceramics Ltd * Compliant 21.03% 7.35% 0.50% 85.02% (19.54) 0 Compliant
190 STJT Shahtaj Textile Ltd. * Compliant 33.45% 0.00% 0.01% 71.59% (139.97) 0 Compliant
191 STML Shams Textile Mills Ltd. * Compliant 0.09% 1.86% 0.22% 61.12% (24.96) 0 Compliant
192 STPL Siddiqsons Tin Plate Ltd * Compliant 33.33% 3.63% 0.52% 70.82% (5.32) 0 Compliant
193 SYS Systems Limited Compliant 14.75% 2.00% 0.25% 42.46% 22.91 483.93 Compliant
194 TELE Telecard Limited * # Compliant 12.75% 0.00% 0.64% 16.37% 9.06 6.76 Compliant
195 TGL Tariq Glass Industries Ltd * Compliant 24.43% 0.51% 0.06% 86.74% (42.73) 0 Compliant
196 THALL Thal Limited * Compliant 8.51% 15.98% 4.46% 66.70% 69.47 193 Compliant
197 THCCL Thatta Cement Company * Compliant 13.37% 9.68% 1.04% 62.13% (0.39) 0 Compliant
198 TOMCL The Organic Meat Company * Compliant 11.61% 0.00% 0.01% 46.17% 9.36 20.66 Compliant
199 TOWL Towellers Limited * Compliant 0.27% 2.25% 1.97% 64.68% 47.21 116.25 Compliant
200 TPL TPL Corporation * Compliant 23.41% 7.59% 3.53% 64.35% (19.71) 0 Compliant
201 TPLP TPL Properties Ltd * Compliant 5.32% 2.78% 1.47% 85.44% 1.16 17 Compliant
202 TPLT TPL Trakker Ltd * Compliant 27.59% 0.00% 5.43% 59.02% (11.13) 0 Non-Compliant
203 TREET Treet Corporation Ltd * Compliant 23.53% 0.34% 0.01% 84.60% (67.26) 0 Compliant
204 TRG TRG Pakistan Ltd * Compliant 0.00% 99.98% 100.00% 0.00% 113.76 117.9 Non-Compliant
205 TSPL Tri-Star Power Ltd. * Compliant 0.00% 34.23% 11.57% 5.08% 12.16 6.75 Non-Compliant
206 UCAPM Unicap Modaraba ** Compliant N/A N/A N/A 99.78% (0.17) 0 Compliant
207 UNITY Unity Foods Ltd * Compliant 9.86% 4.44% 0.57% 48.99% (13.78) 0 Compliant
208 WAVES WAVES Singer Pakistan Ltd Compliant 30.11% 0.00% 0.31% 70.79% (15.63) 0 Compliant
Waves Home Appliances Limited (Samin
209 WHALE Compliant 41.70% 0.00% 0.01% 72.14% (152.08) 0 Non-Compliant
Textiles)
210 WTL WorldCall Telecom Ltd Compliant 35.07% 0.26% 3.75% 67.56% (6.10) 0 Compliant
211 YOUW Yousaf Weaving Mills Ltd * Compliant 40.10% 0.00% 0.00% 64.88% (8.13) 0 Non-Compliant
212 AHL Arif Habib Ltd Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
213 BOK Bank of Khyber Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
214 DEL Dawood Equities Ltd Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
215 ESBL Escorts Investment Bank Ltd Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
216 FCSC First Capital Securities Corp. Ltd Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
217 FDIBL First Dawood Investment Bank Ltd Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
218 FNEL First National Equities Ltd Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
219 HIFA HBL Investment Fund (A) Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
220 HUMNL Hum Network Ltd Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
221 ICIBL Invest Capital Investment Bank Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
222 JSCL Jahangir Siddiqui & Co. Ltd Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
223 MDTL Media Times Ltd Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
224 NEXT Next Capital Limited Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
225 OLPL Orix Leasing Pakistan Ltd Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
226 AABS Al-Abbas Sugar Mills Ltd Compliant 63.30% 18.60% 2.28% 51.24% (11.27) 0.00 Non-Compliant1
227 ADAMS Adam Sugar Mills Ltd Compliant 7.22% 0.37% 0.13% 91.51% (138.37) 0.00 Compliant1
228 ADOS Ados Pakistan Ltd * Compliant 3.13% 0.00% 0.06% 10.89% 12.75 24.30 Non-Compliant3
229 AHCL Arif Habib Corporation Ltd Compliant 26.96% 15.65% 8.46% 67.61% (2.62) 0.00 Non-Compliant
230 AHTM Ahmed Hassan Textile Mills Ltd. * Compliant 20.20% 0.28% 0.05% 85.88% (112.83) 0.00 Compliant
231 AKGL AL-Khair Gadoon Ltd * Compliant 29.20% 0.00% 0.06% 77.33% (18.41) 0.00 Compliant
232 ALNRS Al-Noor Sugar Mills Ltd. Compliant 22.96% 2.28% 0.60% 84.89% (349.23) 0.00 Compliant1
AN Textile Mills Ltd. (Ishaq Textile Mills
233 ANTM Compliant 39.93% 0.00% 0.00% 87.17% (100.96) 0.00 Non-Compliant
Ltd.) *
234 ARCTM Arctic Textile Mills Limited * Compliant 0.00% 0.00% 0.01% 87.20% (28.46) 0.00 Compliant
235 ARM Allied Rental Modaraba ** Compliant N/A N/A N/A 77.32% (6.70) 0.00 Compliant
236 ARUJ Aruj Industries Ltd. * Compliant 48.00% 0.00% 0.00% 61.52% (4.39) 0.00 Non-Compliant
237 ASHT Ashfaq Textile Mills Ltd * Compliant 0.00% 6.05% 2.99% 77.41% 0.78 9.00 Compliant
238 ASTM Asim Textile Mills Ltd Compliant 0.00% 0.00% 3.44% 73.18% (31.69) 0.00 Compliant
239 AWTX Allawasaya Textile Mills Ltd * Compliant 69.04% 0.37% 0.00% 84.61% (2169.83) 0.00 Non-Compliant
240 AWWAL Awwal Modaraba ** Compliant N/A N/A N/A 61.93% 4.22 10.00 Compliant
241 BAFS Baba Farid Sugar Mills LTd Compliant 26.82% 0.00% 0.26% 89.94% (156.18) 0.00 Compliant1
242 BATA Bata (Pakistan) Ltd Compliant 27.89% 3.64% 0.70% 67.09% (699.76) 0.00 Compliant
243 BFMOD B.F. Modaraba ** Compliant N/A N/A N/A 85.99% 1.74 3.70 Compliant
244 BHAT Bhanero Textile Mills Ltd * Compliant 60.88% 26.71% 0.28% 62.18% (3174.55) 0.00 Non-Compliant
245 BNWM Bannu Woollen Mills Ltd * Compliant 5.78% 0.00% 0.00% 86.64% (10.80) 0.00 Compliant
246 BPL Burshane LPG (Pakistan) Ltd * Compliant 20.83% 0.00% 0.01% 75.57% (25.38) 0.00 Compliant
247 BTL Blessed Textiles Ltd. * Compliant 40.85% 20.95% 0.19% 63.65% (828.35) 0.00 Non-Compliant
248 CCM Crescent Cotton Mills Ltd * Compliant 10.00% 0.22% 0.25% 79.47% (20.53) 0.00 Compliant
249 CFL Crescent Fibres Ltd. * Compliant 12.76% 0.45% 0.12% 62.58% (17.46) 0.00 Compliant
250 CHAS Chashma Sugar Mills Ltd Compliant 35.48% 0.00% 0.04% 92.13% (324.62) 0.00 Compliant1
251 DAAG Data Agro Limited Compliant 23.20% 0.00% 0.00% 55.62% (0.76) 0.00 Compliant
252 DADX Dadex Eternit Limited * Compliant 15.68% 0.00% 0.00% 39.60% (3.86) 0.00 Compliant
253 DIIL Diamond Industries * Compliant 15.70% 8.89% 0.29% 72.43% (4.05) 0.00 Compliant
254 DINT Din Textile Mills Ltd * Compliant 9.79% 0.00% 0.00% 76.09% (310.96) 0.00 Compliant
255 DLL Dawood Lawrencepur Limited * Compliant 41.33% 0.04% 1.03% 41.75% (70.90) 0.00 Non-Compliant
256 DYNO Dynea Pakistan Ltd * Compliant 13.03% 0.00% 0.04% 53.90% 17.47 154.99 Compliant
257 ELCM Elahi Cotton Mills Ltd * Compliant 0.00% 0.00% 0.02% 84.02% (76.49) 0.00 Compliant
258 ELSM Ellcot Spinning Mills Ltd. * Compliant 48.90% 8.42% 0.21% 66.91% (321.67) 0.00 Non-Compliant
259 EMCO EMCO Industries Ltd * Compliant 27.61% 0.00% 0.00% 74.40% (26.16) 0.00 Compliant
260 FANM Al-Noor Modaraba ** Compliant N/A N/A N/A 51.33% 4.94 4.49 Non-Compliant
261 FASM Faisal Spinning Mills Ltd. * Compliant 45.05% 12.25% 1.27% 57.59% (543.38) 0.00 Non-Compliant
262 FCONM First Constellation Modaraba Compliant No Financial available on PSX portal No Opinion
263 FEM First Equity Modaraba ** Compliant N/A N/A N/A 80.95% 1.29 7.00 Compliant
264 FFLM First Fidelity Leasing Modaraba ** Compliant N/A N/A N/A 93.03% (0.37) 0.00 Compliant
265 FIBLM First IBL Modaraba ** Compliant N/A N/A N/A 33.51% 5.57 5.67 Compliant
266 FIMM First Imrooz Modaraba ** Compliant N/A N/A N/A 76.30% (234.65) 0.00 Compliant
267 FML Feroze1888 Mills Ltd * Compliant 29.83% 0.00% 0.10% 71.83% (50.21) 0.00 Compliant
268 FPRM First Paramount Modaraba ** Compliant N/A N/A N/A 52.24% (1.52) 0.00 Compliant
269 FRCL Frontier Ceramics Ltd * Compliant 8.93% 0.00% 0.10% 77.82% (38.42) 0.00 Compliant
270 FRSM Faran Sugar Mills Ltd Compliant 7.15% 0.00% 0.06% 83.68% (172.32) 0.00 Compliant1
271 FTMM First Treet Manufacturing Modaraba ** Compliant N/A N/A N/A 82.85% (6.01) 0.00 Compliant

272 FTSM First Tri-Star Modaraba ** Compliant N/A N/A N/A 59.91% 2.87 10.00 Compliant
273 GADT Gadoon Textile Mills Ltd * Compliant 38.69% 9.22% 0.64% 81.90% (827.83) 0.00 Non-Compliant
274 GAMON Gammon Pakistan Ltd * Compliant 0.00% 0.12% 0.07% 75.02% (0.07) 0.00 Compliant
275 GATI Gatron (Industries) Ltd * Compliant 20.26% 0.00% 0.00% 77.11% (483.76) 0.00 Compliant
276 GCIL Ghani Chemical Industries Ltd * Compliant 16.44% 8.46% 5.86% 54.19% 2.58 12.24 Non-Compliant
277 GEMPAPL Pak Agro Packaging Limited * Compliant 19.05% 0.00% 0.26% 72.60% 0.91 7.70 Compliant
278 GEMSPNL Supernet Limited * Compliant 7.08% 0.00% 0.11% 26.83% 7.07 15.35 Compliant
279 GFIL Ghazi Fabrics International Ltd * Compliant 42.60% 0.00% 0.00% 79.78% (31.21) 0.00 Non-Compliant
280 GIL Goodluck Industries Ltd * Compliant 0.00% 0.00% 0.00% 92.60% (352.71) 0.00 Compliant
281 GLPL Gillette Pakistan Ltd * Compliant 0.07% 0.14% 1.23% 30.63% (5.95) 0.00 Compliant
282 GOC GOC (Pakistan) Limited * Compliant 0.00% 4.69% 0.04% 57.37% 24.57 63.90 Compliant
283 HAEL Hala Enterprises Ltd * Compliant 25.77% 0.00% 0.13% 67.96% (3.48) 0.00 Compliant
284 HAFL Hafiz Limited * Compliant 0.00% 0.40% 0.00% 97.19% (6.43) 0.00 Compliant
285 HINO Hinopak Motors Ltd * Compliant 0.07% 0.00% 1.41% 72.50% (70.66) 0.00 Compliant
286 HMM Habib Metro Modaraba * Compliant N/A N/A N/A 52.43% 4.80 5.15 Compliant
287 HRPL Habib Rice Products Ltd. * Compliant 0.68% 16.84% 1.29% 65.54% 0.96 31.80 Compliant
288 HUSI Hussain Industries Limited * Compliant 43.08% 0.00% 86.93% 96.84% (91.81) 0.00 Compliant
289 IBFL Ibrahim Fibres Ltd * Compliant 12.43% 0.02% 0.22% 85.00% (51.96) 0.00 Compliant
290 IDRT Idrees Textile Mills Ltd * Compliant 43.48% 2.64% 0.32% 56.22% (50.56) 0.00 Non-Compliant
291 IDSM Ideal Spinning Mills Ltd. * Compliant 43.71% 0.00% 0.00% 75.10% (236.37) 0.00 Non-Compliant
292 INKL International Knitwear Ltd * Compliant 36.06% 5.93% 0.28% 40.38% (0.40) 0.00 Compliant
293 ISIL Ismail Industries Ltd. * Compliant 55.10% 6.91% 0.27% 69.66% (490.09) 0.00 Non-Compliant
294 JATM J. A. Textile Mills Ltd. * Compliant 0.00% 0.04% 22.82% 71.51% (11.22) 0.00 Non-Compliant
295 JDMT Janana De Malucho Textile * Compliant 16.11% 0.00% 0.00% 95.57% (388.23) 0.00 Compliant
296 JDWS JDW Sugar Mills Ltd Compliant 45.65% 0.00% 0.45% 87.34% (499.91) 0.00 Non-Compliant1
297 JKSM J.K. Spinning Mills Ltd. * Compliant 37.93% 0.10% 0.04% 83.23% (73.56) 0.00 Non-Compliant
298 JOPP Johnson & Phillips (Pakistan) Ltd * Compliant 0.00% 0.00% 0.00% 96.51% (63.53) 0.00 Compliant
299 JVDC Javedan Corporation Ltd * Compliant 19.87% 0.15% 2.80% 81.47% (25.58) 0.00 Compliant
300 KCL Karam Ceramics Ltd. * Compliant 4.90% 0.00% 0.01% 95.00% (13.03) 0.00 Compliant
301 KHYT Khyber Textile Mills Ltd * Compliant 0.00% 0.00% 0.00% 98.77% (29.91) 0.00 Compliant
302 KML Kohinoor Mills Ltd. * Compliant 43.23% 2.44% 0.22% 74.53% (161.32) 0.00 Non-Compliant
303 KOHTM Kohat Textile Mills Limited * Compliant 34.26% 0.06% 0.01% 84.79% (139.67) 0.00 Compliant
304 KPUS Khairpur Sugar Mills Ltd. * Compliant 42.64% 0.00% 0.00% 89.33% (300.10) 0.00 Non-Compliant3
305 LEUL Leather-Up Limited * Compliant 0.00% 0.00% 5.00% 61.71% 0.74 10.41 Compliant
306 LPGL Leiner Pak Gelatine Ltd * Compliant 15.91% 0.00% 0.00% 93.77% (132.24) 0.00 Compliant
307 MACTER Macter International Ltd * Compliant 2.10% 0.00% 0.06% 72.87% (20.72) 0.00 Compliant
308 MEHT Mahmood Textile Mills Ltd. * Compliant 60.47% 0.78% 0.08% 78.10% (1437.07) 0.00 Non-Compliant
309 MIRKS Mirpurkhas Sugar Mills Ltd. Compliant 47.65% 0.02% 0.73% 89.68% (393.31) 0.00 Non-Compliant1
310 MQTM Maqbool Textile Mills Ltd. * Compliant 41.53% 0.12% 0.00% 78.14% (222.49) 0.00 Non-Compliant
311 MSCL Metropolitan Steel Corporation * Compliant 2.67% 0.84% 0.14% 90.77% (0.22) 0.00 Compliant
312 MSOT Masood Textile Mills * Compliant 43.97% 0.00% 0.09% 65.62% (191.03) 0.00 Non-Compliant
313 NATM Nadeem Textile Mills Ltd. * Compliant 34.56% 0.00% 0.00% 66.61% (111.81) 0.00 Compliant
314 NESTLE Nestle Pakistan Ltd Compliant 18.58% 0.00% 0.02% 74.58% (1248.41) 0.00 Compliant
315 NICL Nimir Industrial Chemicals Ltd * Compliant 65.49% 0.00% 0.01% 70.27% (141.99) 0.00 Non-Compliant
316 NONS Noon Sugar Mills Ltd Compliant 42.33% 0.00% 0.02% 67.69% (82.98) 0.00 Non-Compliant1
317 NSRM National Silk & Rayon Mills * Compliant 4.50% 0.02% 0.00% 64.09% (6.62) 0.00 Compliant
318 OML Olympia Mills Ltd * Compliant 29.56% 4.72% 2.94% 87.80% (34.74) 0.00 Compliant
319 ORM Orient Rental Modaraba ** Compliant N/A N/A N/A 66.44% (4.28) 0.00 Compliant
320 PAKL Pak Leather Crafts Ltd * Compliant 221.17% 0.00% 0.00% 73.91% (83.96) 0.00 Non-Compliant
321 PAKMI First Pak Modaraba ** Compliant N/A N/A N/A 82.21% (3.37) 0.00 Compliant
322 PIM Popular Islamic Modaraba ** Compliant N/A N/A N/A 91.34% (0.68) 0.00 Compliant
323 PMRS Premier Sugar Mills Ltd Compliant 34.10% 0.09% 0.06% 92.01% (3510.24) 0.00 Compliant1
324 POML Punjab Oil Mills Ltd. * Compliant 17.79% 0.00% 0.07% 66.76% (52.57) 0.00 Compliant
325 PPP Pakistan paper products Ltd. * Compliant 17.40% 0.00% 0.00% 76.15% (26.00) 0.00 Compliant
326 PRWM Prosperity Weaving Mills Ltd. * Compliant 54.01% 3.23% 0.09% 72.92% (16.66) 0.00 Non-Compliant
327 PSEL Pakistan Services Ltd * Compliant 16.01% 2.62% 0.41% 64.06% 24.78 1550.00 Compliant
328 PSYL Pakistan Synthetics Ltd. * Compliant 18.64% 0.00% 0.04% 81.77% (37.43) 0.00 Compliant
329 QUET Quetta Textile Mills Ltd. * Compliant 28.52% 0.75% 0.56% 93.15% (821.71) 0.00 Compliant
330 RCML Reliance Cotton Spinning * Compliant 19.18% 0.46% 4.12% 80.79% (264.42) 0.00 Compliant
331 REDCO Redco Textiles Ltd * Compliant 38.34% 0.00% 0.00% 82.36% (32.85) 0.00 Non-Compliant
332 RMPL Rafhan Maize Products Compliant 6.88% 10.33% 0.67% 75.78% (2565.94) 0.00 Compliant
333 SAIF Saif Textile Mills Ltd * Compliant 60.66% 0.14% 0.01% 79.69% (282.67) 0.00 Non-Compliant
334 SANSM Sanghar Sugar Mills Ltd. Compliant 14.72% 0.00% 0.03% 94.33% (256.77) 0.00 Compliant1
335 SAPL Sanofi-aventis Pakistan Ltd Compliant 6.22% 0.00% 0.01% 52.92% (155.11) 0.00 Compliant
336 SAPT Sapphire Textile Mills * Compliant 54.66% 3.61% 0.75% 73.98% (2728.79) 0.00 Non-Compliant
337 SARC Sardar Chemical Industries * Compliant 21.68% 0.00% 0.00% 42.69% 14.95 39.89 Compliant
338 SASML Sindh Abadgar's Sugar Mills Ltd. Compliant 25.17% 0.00% 0.26% 92.18% (227.67) 0.00 Compliant1
339 SCL Shield Corporation Ltd * Compliant 4.28% 0.00% 0.00% 86.38% (404.77) 0.00 Compliant
340 SEL Sitara Energy Ltd. * Compliant 40.28% 0.00% 0.00% 60.12% (46.55) 0.00 Non-Compliant
341 SERT Service Textiles industries Ltd. Compliant 3.18% 0.00% 0.00% 92.97% (17.14) 0.00 Compliant
342 SFL Sapphire Fibres Ltd. * Compliant 24.62% 5.59% 1.46% 62.39% (67.90) 0.00 Compliant
343 SHCM Shadman Cotton Mills * Compliant 49.93% 14.93% 1.45% 76.19% (33.85) 0.00 Non-Compliant
344 SHDT Shadab Textile Mills Ltd. * Compliant 34.20% 0.00% 0.01% 76.93% (42.13) 0.00 Compliant
 345 SHJS Shahtaj Sugar Mills Ltd Compliant 49.16% 0.00% 0.17% 92.23% (306.04) 0.00 Non-Compliant1
346 SHSML Shahmurad Sugar Mills Ltd Compliant 24.20% 0.00% 0.16% 79.55% (206.81) 0.00 Compliant1
347 SINDM Sindh Modaraba ** Compliant N/A N/A N/A 95.58% 0.77 7.00 Compliant
348 SML Shakarganj Limited Compliant 7.99% 0.20% 0.03% 89.79% (97.86) 0.00 Compliant
349 SNAI Sana Industries Ltd. * Compliant 12.50% 0.00% 0.12% 52.41% (63.18) 0.00 Compliant
350 SSOM S.S. Oil Mills Ltd * Compliant 8.96% 0.00% 0.08% 43.55% 117.93 90.52 Non-Compliant
351 SURC Suraj Cotton Mills Ltd. * Compliant 27.36% 0.54% 0.20% 88.97% (175.15) 0.00 Compliant
352 SUTM Sunrays Textile Mills Ltd. * Compliant 22.36% 1.24% 2.09% 73.10% (3.15) 0.00 Compliant
353 SZTM Shahzad textile Mills Ltd. * Compliant 19.43% 0.60% 0.12% 83.55% (75.30) 0.00 Compliant
354 TATM TATA Textile Mills Ltd. * Compliant 40.19% 3.97% 1.78% 77.88% (227.38) 0.00 Non-Compliant
Tariq Corporation Ltd(Husein Sugar Mills
355 TCORP Compliant 15.94% 0.02% 0.02% 91.36% (80.30) 0.00 Compliant1
Ltd)
356 TICL Thal Industries Corp Compliant 23.17% 0.76% 0.40% 75.60% (303.38) 0.00 Compliant
357 TRIPF Tri-Pack Films Ltd Compliant 46.17% 0.00% 0.02% 67.73% (160.44) 0.00 Non-Compliant
358 TRSM Trust Modaraba ** Compliant N/A N/A N/A 90.86% (1.25) 0.00 Compliant
359 TSML Tandlianwala Sugar Mills Ltd Compliant 37.96% 0.00% 0.01% 77.21% (115.22) 0.00 Non-Compliant1
360 UBDL United Brands Limited * Compliant 19.69% 0.00% 0.21% 30.80% (4.09) 0.00 Compliant
361 UDPL United Distributors (Pakistan) Ltd * Compliant 11.77% 0.00% 0.00% 73.48% (0.52) 0.00 Compliant
362 UPFL Unilever Pakistan Foods Ltd. Compliant 3.90% 25.96% 1.93% 19.75% 540.47 25000.00 Non-Compliant
363 WAHN Wah-Noble Chemicals Ltd * Compliant 23.52% 0.10% 0.02% 38.50% 51.55 158.99 Compliant
364 ZAHID Zahidjee Textile Mills Ltd. * Compliant 26.70% 0.42% 0.00% 69.66% (16.43) 0.00 Compliant
365 ZIL ZIL Limited * Compliant 5.62% 0.00% 0.09% 59.35% (95.08) 0.00 Compliant
366 ZTL Zephyr Textiles Ltd. * Compliant 29.84% 0.63% 0.05% 74.19% (30.16) 0.00 Compliant
367 786 786 Investments Ltd Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
368 AKDSL AKD Securituies Limited Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
369 AMBL Apna Microfinance Bank Ltd. Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
370 ARPAK Arpak International investments Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
371 ASLCPS Aisha Steel (Convt Pref) Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
372 ASLPS Aisha Steel (Convt Pref) Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
CALCORP Limited(Capital Assets Leasing
373 CASH Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
Corporation)
374 EFGH EFG Hermes Pakistan Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
375 EPCLPS Engro Poly & Che Pre Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
376 FCIBL First Credit & investment Bank Ltd. Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
377 GCILB Ghani Chemical Industries Ltd (B) Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
378 HCL Hallmark Company Ltd. Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
379 HGFA HBL Growth Fund - (A) Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
380 IML Imperial Limited Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
381 JSGCL JS Global Capital Ltd Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
382 JSIL JS Investments Ltd Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
383 MCBAH MCB-Arif Habib Savings & investment Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
384 PELPS Pak Elektron Ltd. Preference Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
385 PIAB P.I.A.C.L "B" Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
386 SIBL Security Investment Bank Ltd. Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
Tariq Corporation Limited (Preference
387 TCORPPS Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
Share)
388 TSBL Trust Securities & Brokerage Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
389 TSMF Tri-Star Mutual Fund Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature

REAL ESTATE INVESTMENT TRUSTS (REITS)

Illiquid
Debt Investme Income Share Price
Assets Net Liquid
Ratio nt Ratio Ratio as of Final Shariah
No. Ticker Company Name Objective Ratio Assets Ratio
(D/A < (NCInv/TA (NCInc/T December Status
(IA/TA => (NLA < P)
37%) < 33%) R < 5%) 30 2022
25%)
1 GRR Globe Residency Reit Non-Compliant N/A N/A N/A N/A N/A N/A NC by nature
2 DCR Dolmen City REIT * Compliant 0.00% 0.00% 0.00% 96.90% 0.54 13.64 Compliant

EXCHANGE TRADED FUNDS (ETFs)

1 ACIETF Alfalah Consumer Index (ETF) Non-Compliant

JS Momentum Factor Exchange
2 JSMFETF Non-Compliant
Traded Fund
3 MZNPETF Meezan Pakistan ETF Compliant
4 NBPGETF NBP Pakistan Growth ETF Non-Compliant
5 NITGETF NIT Pakistan Gateway ETF Non-Compliant
6 UBLPETF UBL Pakistan Enterprise ETF Non-Compliant

NOTE: The above criteria of KMI Index is approved by Sharia’h Supervisory Board of KMI Index
NC = Non - Compliant

N/A = Not Applicable

* These are provisional rates for dividend purification, which are subject to final adjustment upon
announcement of respective companies' annual accounts for the year 2021/2022

** Only illiquid Assets to Total Assets and Net Liquid Asset ratios calculated of all Islamic Financial
Institutions

***As debt ratio exceeding slightly the appoved threshold, therefore considered as Compliant

## While calculating HUBC's Income ratio, China Power Hub Generation Company (CPHGC) which is
an associated investee company of HUBC whose revenues are consolidated with HUBC's revenues
upto the the extent of HUBC's investment
# As these are from service based sector, therefore their fixed assets are not significant in value
therefore, these are considered as Compliant and relaxation provided over Illiquid assets to Total
Assets ratio and Net Liquid Asset per share.

^ As fixed asset ratio is exceeding marginally therefore considered as Compliant

^^ These are considered compliant due to the increased circular debt / current economic situation,
their receivables are significantly increased & share price reduces below the net liquid asset per
share.

^^^ Due to current economic situation, circular debt and interest rate significantly increased
therefore, it is considered as Compliant till next shariah screening period. However dividend
purification rate will be same as actual.
1
Based on September-2022 accounts
3
As per last available annual / half-yearly accounts