PSX adds OGDC, Attock Refinery in JS Momentum Index

MG News | February 09, 2026 at 09:03 AM GMT+05:00

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February 09, 2026 (MLN): Pakistan Stock Exchange has reconstituted its JS Momentum Factor Index (JSMFI), adding six companies, including Oil & Gas Development Company Ltd. and K-Electric Ltd., while removing names such as Pakistan Telecommunication Company Ltd. and Maple Leaf Cement Factory Ltd., according to a notice issued by the bourse.

The re-composition, carried out as of January 30, 2026, follows the index’s predefined rules and will take effect from Monday, February 9, 2026, PSX said in its filing.

The JS Momentum Factor Index is designed to capture stocks exhibiting strong price momentum and is widely tracked by market participants using factor-based investment strategies.

Incoming and Outgoing Constituents

Incoming Companies	Outgoing Companies
Attock Refinery Ltd.	The Bank of Punjab
Javedan Corporation Ltd.	Maple Leaf Cement Factory Ltd.
K-Electric Ltd.	Mughal Iron & Steel Industries Ltd.
Nishat Chunian Power Ltd.	Pakistan International Bulk Terminal
Oil & Gas Development Company Ltd.	Pakistan Telecommunication Company Ltd.
Sazgar Engineering Works Ltd.	The Searle Company Ltd.

Revised Index Weights

Following the rebalancing, Pakistan Petroleum Ltd. and National Bank of Pakistan emerged as the largest constituents of the index.

Symbol	Company	Weight
PPL	Pakistan Petroleum Ltd.	20.00%
NBP	National Bank of Pakistan	19.27%
OGDC	Oil & Gas Development Company Ltd.	17.13%
ATRL	Attock Refinery Ltd.	8.97%
NML	Nishat Mills Ltd.	8.32%
NCPL	Nishat Chunian Power Ltd.	7.60%
NPL	Nishat Power Ltd.	6.96%
SAZEW	Sazgar Engineering Works Ltd.	5.33%
KEL	K-Electric Ltd.	4.12%
JVDC	Javedan Corporation Ltd.	2.30%

The exchange said the changes were approved under its standard index governance framework and have been communicated to market participants.

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