Re-composition: HUMNL, FCCL, MUGHAL, INIL, SYS, ISL, MEBL added to JSMFI
MG News | June 06, 2024 at 05:06 PM GMT+05:00
June 06, 2024 (MLN): The Pakistan Stock Exchange Limited has conducted the Re-composition exercise of the JS Momentum Factor Index (JSMFI) as of May 31, 2024.
In accordance with the relevant index rules, seven adjustments have been made to the index.
The incoming companies are Hum Network Limited (PSX: HUMNL), Fauji Cement Company Limited (PSX: FCCL), Mughal Iron & Steel Industries Limited (PSX: MUGHAL), International Industries Limited (PSX: INIL), Systems Limited (PSX: SYS), International Steels Limited (PSX: ISL) and Meezan Bank Limited (PSX: MEBL).
The seven to leave are; Air Link Communication Limited (PSX: AIRLINK), Avanceon Limited (PSX: AVN), Faysal Bank Limited (PSX: FABL), Fauji Fertilizer Bin Qasim Limited (PSX: FFBL), Fauji Fertilizer Company Limited (PSX: FFC), Honda Atlas Cars (Pakistan) Limited (PSX: HCAR) and National Refinery Limited (PSX: NRL).
The above changes in the JSMFI will take effect from Friday, June 07, 2024.
In addition, the notice also listed the revised list of JSMFI companies along with their weights in the index as of May 31, 2024.
Re-composition of JSMFI
| S.No | INCOMING | OUTGOING |
|---|---|---|
| 1 | Hum Network Limited | Air Link Communication Limited |
| 2 | Fauji Cement Company Limited | Avanceon Limited |
| 3 | Mughal Iron & Steel Industries Limited | Faysal Bank Limited |
| 4 | International Industries Limited | Fauji Fertilizer Bin Qasim Limited |
| 5 | Systems Limited | Fauji Fertilizer Company Limited |
| 6 | International Steels Limited | Honda Atlas Cars (Pakistan) Limited |
| 7 | Meezan Bank Limited | National Refinery Limited |
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