PSX reconstitutes JS Momentum Factor Index
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MG News | July 07, 2026 at 12:13 PM GMT+05:00
July 07, 2026 (MLN): The Pakistan Stock Exchange Limited (PSX) has completed the re-composition of the JS Momentum Factor Index (JSMFI) as of June 30, 2026, in accordance with the index rules.
Following the review, PSX has added eight new companies to the index while removing eight existing constituents. The revised composition will come into effect on Tuesday, July 7, 2026.
New Entrants and Exits from JSMFI
| S.No. | Incoming Companies | Outgoing Companies |
|---|---|---|
| 1 | Sui Southern Gas Company Limited (SSGC) | Air Link Communication Limited |
| 2 | Sui Northern Gas Pipelines Limited (SNGP) | Fauji Cement Company Limited |
| 3 | Ghandhara Automobiles Limited (GAL) | FrieslandCampina Engro Pakistan Limited |
| 4 | Thatta Cement Company Limited (THCCL) | Fauji Fertilizer Company Limited |
| 5 | PIA Holding Company Limited (PIAHCLA) | Pakistan Petroleum Limited |
| 6 | Pakistan Stock Exchange Limited (PSX) | Pakistan Telecommunication Company Ltd (PTCL) |
| 7 | Interloop Limited (ILP) | Sazgar Engineering Works Limited |
| 8 | The Organic Meat Company Limited (TOMCL) | TRG Pakistan Limited |
Updated JSMFI Constituents and Weights
| S.No. | Symbol | Company | Weight |
|---|---|---|---|
| 1 | MLCF | Maple Leaf Cement Factory Limited | 20.00% |
| 2 | DGKC | D.G. Khan Cement Company Limited | 20.00% |
| 3 | SSGC | Sui Southern Gas Company Limited | 13.75% |
| 4 | SNGP | Sui Northern Gas Pipelines Limited | 12.88% |
| 5 | GAL | Ghandhara Automobiles Limited | 8.00% |
| 6 | THCCL | Thatta Cement Company Limited | 6.54% |
| 7 | PIAHCLA | PIA Holding Company Limited | 5.81% |
| 8 | PSX | Pakistan Stock Exchange Limited | 4.53% |
| 9 | ILP | Interloop Limited | 4.45% |
| 10 | TOMCL | The Organic Meat Company Limited | 4.05% |
Under the revised index structure, the highest weights have been assigned to Maple Leaf Cement Factory Limited (MLCF) and D.G. Khan Cement Company Limited (DGKC), each carrying a 20% weight in the index.
The JSMFI is designed to track companies demonstrating strong momentum characteristics based on PSX’s prescribed methodology and index rules.
The latest changes reflect the periodic review and adjustment of constituents to maintain the index’s effectiveness in capturing market momentum.
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