PSX recomposes JS Momentum Factor Index with six adjustments

By MG News | August 06, 2024 at 07:58 PM GMT+05:00
August 06, 2024 (MLN): The Pakistan Stock Exchange Limited (PSX) has conducted the JS Momentum Factor Index (JSMFI) recomposition exercise as of July 31, 2024.
Under the relevant JSMF Index Rules, six adjustments have been made to the index.
The incoming companies are Ghandhara Automobiles Limited (GAL), National Bank of Pakistan (NBP), Ghandhara Industries Limited (GHNI), Fauji Fertilizer Bin Qasim Limited (FFBL), Avanceon Limited (AVN) and PIA Holding Company Limited (PIAHCLA).
The ones to leave are; Faysal Bank Limited (PSX: FABL), The Hub Power Company Limited (HUBCO), NetSol Technologies Limited (NETSOL), Octopus Digital Limited (OCTOPUS), United Bank Limited (UBL), and Unity Foods Limited (UNITY).
Re-composition of JSMFI
S.No | INCOMING | OUTGOING |
---|---|---|
1 | Ghandhara Automobiles Limited | Faysal Bank Limited |
2 | National Bank of Pakistan | The Hub Power Company Limited |
3 | Ghandhara Industries Limited | NetSol Technologies Limited |
4 | Fauji Fertilizer Bin Qasim Limited | Octopus Digital Limited |
5 | Avanceon Limited | United Bank Limited |
6 | PIA Holding Company Limited | Unity Foods Limited |
The above changes in the JSMFI will take effect from Wednesday, August 07, 2024.
In addition, the notice also listed the revised list of JSMFI companies along with their weights in the index as of July 31, 2024.
Recomposed JSMFI
S.no | Symbol | Constituent Companies | Weights |
---|---|---|---|
1 | SAZEW | Sazgar Engineering Works Limited | 20% |
2 | AIRLINK | Air Link Communication Limited | 17.14% |
3 | GAL | Ghandhara Automobiles Limited | 13.07% |
4 | HBL | Habib Bank Limited | 11.18% |
5 | GHNI | Ghandhara Industries Limited | 8.96% |
6 | FFBL | Fauji Fertilizer Bin Qasim Limited | 7.59% |
7 | NBP | National Bank of Pakistan | 6.80% |
8 | FFC | Fauji Fertilizer Company Limited | 5.36% |
9 | AVN | Avanceon Limited | 5.29% |
10 | PIAHCLA | PIA Holding Company Limited | 4.60% |
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