The Philippines Stock Exchange Lists Four New Shariah-Compliant Firms in Q2-2020
July 10, 2020 | Updated at July 10, 2020
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Email The number of Shariah-compliant firms in the Philippine Stock Exchange (PSE) has increased to 53 during the period ending 25th of June 2020, compared to the 52 firms that were listed during the previous review carried out in March 2020.
A list of Shariah-compliant firms issued by the PSE included four new entities, whilst three securities had been removed. The three securities that were removed from the PSE were: 2GO Group, Italpinas Development, and Vivant. Meanwhile, the 4 new entrants were: Metro Alliance Holdings & Equities (Metro Alliance) “A”, Metro Alliance “B”, PXP Energy Corp., and SPC Power Corp.
The PSE carries out a quarterly evaluation of its...
