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Bursa Malaysia today announced the changes in the component stocks of the Kuala Lumpur Syariah Index (KLSI) in line with the updated list of approved securities issued by the Shariah Advisory Council of the Securities Commission on 25TH MAY 2007 . The changes are effective on the following dates :-
The new component stocks to be included in the KLSI are:
| Main Board | |||
|---|---|---|---|
| Stock Code | Companies | Sector | Effective Date |
| 5122 | Kencana Petroleum Bhd | TS | 11th June 2007 |
| 2305 | The Ayer Hitam Planting Syndicate Bhd | PROP | 11th June 2007 |
| 3417 | Eastern & Oriental Bhd | PROP | 11th June 2007 |
| 5129 | Melati Ehsan Holdings Bhd | CONS | 19th June 2007 |
| 2739 | Sino Hua-An International Bhd | IP | 11th June 2007 |
| 6327 | Tradewinds Plantation Bhd | PLNT | 11th June 2007 |
| 5125 | Pantech Group Holdings Bhd | TS | 11th June 2007 |
| 5131 | Zhulian Corporation Bhd | CP | 27th July 2007 |
| 5128 | Ogawa World Bhd | TS | 18th July 2007 |
The component stocks to be removed from the KLSI on 11th JUNE 2007
| Stock Code | Companies | Sector |
|---|---|---|
| 5606 | Goldis Bhd | CP |
| 3034 | Hap Seng Consolidated Bhd | TS |
| 3441 | Johan Holdings Bhd | TS |
| 3824 | Malaysian Mosaic Bhd | TS |
| 1945 | PJ Development Holdings Bhd | PROP |
| 2011 | Lingui Development Bhd | IP |
| 3565 | Kumpulan Europlus Bhd | CONS |
| 8389 | Metacorp Bhd | TS |
| 5304 | PROTON Holdings Bhd | CP |
The KLSI is a weighted-average index with its components made up of Main Board companies designated as Shariah approved securities by the Shariah Advisory Council of the Securities Commission. With the latest update, there are now 518 Main Board approved securities which form the components of the KLSI.
As announced on 22nd Jan 2007 during the launch of FTSE-Bursa Malaysia Emas Shariah Index (FBMSHA), the KLSI will be deactivated on 1st November 2007, making the FBMSHA the singular benchmark index for Malaysian Shariah-compliant investments.
