June 06, 2022 (MLN): The Pakistan Stock Exchange (PSX) has carried out the Re-Composition exercise of JS Momentum Factor Index (JSMFI) as of May 31, 2022, as per which TRG Pakistan Ltd, Millat Tractors Limited, Pakistan Oilfields Limited, Fauji Fertilizer Co. Ltd, and Oil & Gas Development Company Ltd have been included in the index.
Meanwhile, Ghani Global Holdings Limited, Cnergyico PK Limited, Engro Fertilizers Limited, NetSol Technologies Ltd and National Refinery Ltd were removed from the index.
The above changes in the JSMF Index will be implemented from Tuesday, June 07, 2022.
The JSMF Index aims to track the performance of stocks which defines positive momentum based on total return performance and value traded over a 30-day time period.
The index on PSX went live along with its ten constituents on January 07, 2022. The index was initiated on December 06, 2021, with a base value of 10,000 points.
Ten securities namely TRG Pakistan Limited (TRG), Unity Foods Limited (UNITY), Pioneer Cement Limited (PIOC), D.G. Khan Cement Company Limited (DGKC), Pakistan Petroleum Limited (PPL), Engro Fertilizers Limited (EFERT), Cnergyico PK Limited (CNERGY), Honda Atlas Cars (Pakistan) Limited (HCAR), Pakistan Oilfields Limited (POL) and PRL (Pakistan Refinery Limited) had become part of the aforesaid index.
