PSX replaces 8 of 10 JSMFI constituents in re-composition

October 07, 2026 (MLN): The Pakistan Stock Exchange (PSX) has re-composed the JS Momentum Factor Index (JSMFI), swapping out eight of its 10 constituents, with the revised basket taking effect from Wednesday, October 7, 2026.

Mari Energies, Engro Holdings, Askari Bank, Pakistan Oilfields, TRG Pakistan, Engro Fertilizers, Adamjee Insurance and Javedan Corporation have been brought in, while Pakistan Refinery, Cnergyico PK, Maple Leaf Cement Factory, Pakistan State Oil, Pakistan Petroleum, Ghandhara Automobiles, Thatta Cement and Sui Southern Gas have been dropped.

According to notice PSX/N-1225 dated October 6, the exchange carried out the exercise as of September 30, 2026, following the index rules available on its website.

National Refinery and Attock Refinery stay in the index and carry the heaviest weights at 20% each, together accounting for 40% of the basket.

Among the new entrants, Mari Energies has the largest weight at 14.46%, followed by Engro Holdings at 11.74% and Askari Bank at 8.10%.

Incoming and outgoing companies

JSMFI constituents and weights (as of September 30, 2026)

The aforementioned information was disseminated through a notification to Exchange.

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