Pakistan Stock Exchange launches PSX Dividend 20 Index.
The Pakistan Stock Exchange (PSX) has launched its first underlying index, the PSX Dividend 20 Index, in a key step to support investors, stakeholders and market participants.
The index is designed to track the performance of the top 20 dividend-paying companies on the PSX and to rank and weight companies based on their trailing 12-month dividend yield.
At the launch, PSX Managing Director and CEO Farrukh H. Khan said, “Pakistan Stock Exchange is constantly innovating and launching new products and products to enhance the experience of investors and market participants.”
The PSX Dividend 20 Index is the 14th stock index for the Pakistan Stock Exchange and allows market participants to evaluate their investment portfolios.
By identifying companies with high dividend yields, we believe this index will be particularly useful for investors in the current economic environment.
Hassan Raza, PSX’s Product Director and Regional Head, said: “Participants should select shares of the liquid companies with the highest dividend yields in their portfolio over a 12-month period”.
Congratulations to the PSX team for bringing these useful indices to the stock market that will greatly assist investors in evaluating and building their portfolios around dividend paying companies.
As Pakistan Stock Exchange launches PSX Dividend 20 Index, before that PSX has been providing a stable, regulated, liquid and efficient digital market for investors to trade common shares of listed companies and other companies.
