Dow Jones removes two Pakistani firms from SAFE Index


KARACHI – Dow Jones Indexes (DJI), a leading international global index provider, has decided to remove two Pakistani firms listed at the country’s stock exchanges from its international indexes.
The total free-float market capitalisation of the reconstituted Dow Jones SAFE Pakistan Titans 15 Index has increased by 2.1 percent or $17 million to $ 8.12 billion from the previous level of $7.95 billion while the total free-float market capitalisation increased to $370.88 billion from the previous $355.30 billion.
According to a DJI statement issued on March 10 from New York, the DJI has announced to remove two Pakistani firms, Jahangir Siddiqui and Company Limited and NIB Bank Limited, from its SAFE 100 Index. SAFE stands for South Asian Federal of Exchanges. “The two Pakistani companies also would be removed from the Dow Jones SAFE Pakistan index,” the statement said.