Karachi Stock Exchange announced that it will launch an All Share Islamic index from Nov 18, 2015. The index has been developed by KSE & Meezan Bank and will include all Shariah compliant companies listed at Karachi Stock Exchange. The Base Value of the Index will be 15000 and all companies have been selected on the basis of Shariah Screening Criteria.
The All Share Islamic Index will serve as a benchmark to measure the price performance of Investments in Shariah compliant shares and to attract investors looking to Islamic investment avenues in the equity market.
Further detail of the Index can be obtained from the KSE website.