⚡ Flash Summary

Mahaana Islamic Index ETF (MIIETF) is set to rebalance its portfolio, effective December 2, 2025, as announced on December 5, 2025. According to the announcement, MIIETF will begin the rebalancing process. During this period, the indicative Net Asset Value (iNAV) will still be disseminated based on the previous basket but won’t accurately represent the underlying basket. The exchange will be notified once the portfolio is rebalanced.

📌 Key Takeaways

• 📅 Rebalancing Effective Date: December 2, 2025.
• 🔄 Rebalancing Start Date: December 5, 2025.
• 📜 Compliance: In accordance with section 96 of the Securities Act, 2015, and Clause 5.6.1 (a) of PSX Regulations.
• 📊 iNAV Discrepancy: iNAV will be disseminated based on the previous basket during rebalancing.
• 📢 Exchange Notification: The exchange will be informed upon completion of the portfolio rebalancing.
• 🏢 Company Secretary: Syed Shahzad Ali is the Company Secretary.
• 👤 Key Contact: Jackson Wilson, Additional Joint Director at SECP.
• 🏦 Custodial Operations: Mr. Atiq-ur-Rehman at Central Depository Company of Pakistan Limited (CDC).
• 📍 Karachi Office: 203, The Forum, Clifton Block 9, Karachi.
• 📧 Contact Email: business@mahaana.com

🎯 Investment Thesis

Given the lack of specific financial information, a HOLD recommendation is appropriate. Investors should monitor further announcements regarding the composition of the rebalanced portfolio before making any changes to their investment decisions. The uncertainty regarding the NAV during the rebalancing period warrants caution.