Update In Kuala Lumpur Stock Exchange Syariah Index Component

The Kuala Lumpur Stock Exchange (KLSE) is updating the component stocks of the KLSE Syariah Index (KLSE SI) in line with the revised list of approved securities issued by the Syariah Advisory Council of the Securities Commission on 25 April 2003. The component stocks update to the KLSE SI will come into effect on Monday, 19 May 2003.

The new component stocks to be included in the KLSE SI are:

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SECTORS		COMPANIES
Consumer Products	1 2	Fraser & Neave Holdings Berhad Hytex Integrated Berhad
Industrial Products	3 4 5	Kinsteel Berhad Lion Industries Corporation Berhad Ornapaper Berhad
Construction	6	Isyoda Corporation Berhad
Finance	7	Insas Berhad
Property	8 9 10	FACB Resorts Berhad Hua Yang Berhad IGB Corporation Berhad
Plantation	11	Kuala Sidim Berhad
PN4 Condition	12 13 14	Mycom Berhad Pan Pacific Asia Berhad Sri Hartamas Berhad

The component stocks to be removed from the KLSE SI are:

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SECTORS		COMPANIES
Trading/Services	1	Malaysian Resources Corporation Berhad
PN4 Condition	2	Tongkah Holdings Berhad

The KLSE SI is a weighted-average index with its components made up of Main Board companies designated as Syariah approved securities by the Syariah Advisory Council of the Securities Commission. With the latest update, there are now 410 Main Board companies which form the components of the KLSE SI.

The KLSE SI was launched on 17 April 1999 to meet the increasing demand by local and foreign investors seeking to invest in securities and instruments which are in line with Syariah principles.