KMI 30 Index

{{short description|Pakistani stock market index}}

{{Use Pakistani English|date=November 2018}}

{{Use dmy dates|date=November 2018}}

{{Infobox financial index

| name = KMI 30 Index

| logo =

| image =

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| foundation = {{start date |2008}}

| operator = Karachi Stock Exchange Limited

| exchanges = Karachi Stock Exchange

| constituents = 30

| cap_level =

| mcap =

| weighting = Capitalization-weighted index

| related =

}}

KMI 30 Index is a stock market index on the Pakistan Stock Exchange in Pakistan of thirty companies that have been screened for Islamic Shariah criteria. The index was introduced in 2009{{Cite web |title=KSE Meezan Index Fund |url=https://www.almeezangroup.com/regular-investor/mutual-funds/kse-meezan-index-fund/}} and the base period for this Islamic index is 30 June 2008. It was created as a joint effort by the Karachi Stock Exchange (now known as Pakistan Stock Exchange) and Al-Meezan Investment Bank (now known as Meezan Bank Limited).{{Cite web|url=https://profit.pakistantoday.com.pk/2021/08/22/no-the-stock-market-is-not-an-accurate-indicator-of-the-economy/|title=No, the stock market is not an accurate indicator of the economy|date=22 August 2021|website=Profit by Pakistan Today}}

The index is calculated using free float market capitalization. At any point in time, the level of the index reflects the free float market value of selected Shariah-compliant shares in comparison with the base period. KMI-30 is recomposed semi-annually.