PSX recomposes JS Momentum Factor Index with 6 adjustments

MG News | November 07, 2024 at 11:17 AM GMT+05:00

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November 07, 2024 (MLN): The Pakistan Stock Exchange Limited (PSX) has conducted the JS Momentum Factor Index (JSMFI) recomposition exercise as of October 31, 2024.

Under the relevant JSMF Index Rules, six adjustments have been made to the index.

The incoming companies are Pakistan Petroleum Limited (PPL), Attock Refinery Limited (ATRL), Pakistan State Oil Company Limited (PSO), Pakistan Telecommunication Company Limited (PTCL), Hum Network Limited (HUMNL), and Frieslandcampina Engro Pakistan Limited (FCEPL).

The ones to leave are; Engro Fertilizers Limited (PSX: EFERT), Fatima Fertilizer Company Limited (FATIMA), GlaxoSmithKline Pakistan Limited (GLAXO), Haleon Pakistan Limited (HALEON), Mari Petroleum Company Limited (MARI), and United Bank Limited (UBL).

The above changes to the JSMFI take effect today, November 7, 2024.

In addition, the notice also listed the revised list of JSMFI companies along with their weights in the index as of October 31, 2024.

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