Top 10 Stocks by Index Weightage.
March 16, 2006The KSE-100 index suffers from an imbalance in its weightage (the percentage allocated to a stock effecting the increase or decrease of the index points) In March 2005 the index roared up to about 10,300 predominantly based on OGDC reaching an absurd unwarranted high of 197 . As its index weightage is 22.68% , 2.5 times higher than the second highest stock, it makes it very easy to swing the index up or down by pulling or bashing OGDC. There is talk for a more balanced index in the future, but the "big boys " are not happy about it as it will reduce the volatility of the market.
Currently these are the top 10 stocks listed by percentage:
ODGC 22.68%
PTC 9.3%
PPL 6.61%
NBP 6.05%
MCB 4.17%
POL 2.86%
PSO 2.44%
FFC 2.42%
SNGP 2.06%
KAPCO 1.47%
