The MVIS® Pakistan Index (MVPAK) tracks the performance of the largest and most liquid companies in Pakistan. The index is a modified market cap-weighted index, and it also includes non-local companies incorporated outside Pakistan that generate at least 50% of their revenue in Pakistan. MVPAK covers at least 90% of the investable universe.
Learn how to license this index| Component | Country | Non-local | Allocation | Weight |
|---|---|---|---|---|
| ENGRO CORP LTD | PK | - | - | 9.08% |
| LUCKY CEMENT | PK | - | - | 7.18% |
| SYSTEMS LTD | PK | - | - | 6.52% |
| MCB BANK LTD | PK | - | - | 6.20% |
| PAKISTAN PETROLEUM LTD | PK | - | - | 6.10% |
| FAUJI FERTILIZER COMPANY LTD | PK | - | - | 6.07% |
| UNITED ENERGY GROUP LTD | BM | Y | PK | 5.87% |
| OIL & GAS DEVELOPMENT CORPORATION | PK | - | - | 5.53% |
| HUB POWER COMPANY | PK | - | - | 5.27% |
| HABIB BANK LTD | PK | - | - | 4.80% |
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The white area of the table shows the number of companies incorporated in a certain country and the country's weight in the index.
Countries marked with (*) are the home of non-local companies. Non-local companies are companies, incorporated in these countries, that generate at least 50% of their revenues in the index target.
The number of non-local companies is declared in column «non-local». The count of components and weights in the grey area is achieved by reassigning the non-local companies to the country or region covered by the index.
| Country | Components | Weight | Non-Local | Components | Weight |
|---|---|---|---|---|---|
| Pakistan | 24 | 94.13% | 1 | 25 | 100.00% |
| Bermuda (*) | 1 | 5.87% | - | - | - |
| Total | 25 | 100.00% | 1 | 25 | 100.00% |
The weighting of a certain sector in an index is based on the weightings of the index components allocated to this sector. The table below displays the number of index components by sectors.
The columns coloured in grey represent hypothetical values assuming that the index would not include non-local companies.
| Sector | Components | Weight | Components | Weight | Difference | Difference % |
|---|---|---|---|---|---|---|
| Utilities | 2 | 7.17% | 2 | 7.62% | 0 | -0.45% |
| Information Technology | 1 | 6.52% | 1 | 6.93% | 0 | -0.41% |
| Industrials | 1 | 4.01% | 1 | 4.26% | 0 | -0.25% |
| Materials | 9 | 33.64% | 9 | 35.74% | 0 | -2.10% |
| Energy | 5 | 25.94% | 4 | 21.32% | 1 | 4.62% |
| Financials | 4 | 19.11% | 4 | 20.30% | 0 | -1.19% |
| Consumer Discretionary | 1 | 1.26% | 1 | 1.34% | 0 | -0.08% |
| Consumer Staples | 1 | 1.24% | 1 | 1.31% | 0 | -0.08% |
| Health Care | 1 | 1.11% | 1 | 1.18% | 0 | -0.07% |
| Total | 25 | 100.00% | 24 | 100.00% |
| Size | Market Cap | Components | Weight |
|---|---|---|---|
| Large-Cap | - | - | - |
| Mid-Cap | 2,582,524,200 USD | 1 | 5.87% |
| Small-Cap | 7,888,425,350 USD | 15 | 81.81% |
| Micro-Cap | 862,634,134 USD | 9 | 12.32% |
| Total | 11,333,583,684 USD | 25 | 100.00% |
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