PSX carries out re-composition of JS Momentum Factor Index

According to Mettis Global, the Pakistan Stock Exchange has re-composed the JS Momentum Factor Index (JSMFI) as of August 31, 2026, under the relevant index rules. The exercise brings in five companies and removes five others, with the revised constituents starting to apply on Monday, September 07, 2026. The changes were communicated to the market through a notification issued by the exchange.

Pakistan Petroleum, Thatta Cement, Pakistan State Oil, Maple Leaf Cement and Sui Southern Gas are the incoming names, and they take the places of Ghandhara Industries, Habib Bank, Meezan Bank, Pakistan Telecommunication and United Bank in that same order. The swap brings in three oil and gas names and two cement companies, while Ghandhara Industries, three banks and one telecom operator leave the index.

Pakistan Refinery holds the largest weight in the index at 15.13% following the changes, followed by Cnergyico PK at 13.72% and Maple Leaf Cement at 13.06%. The exchange's notification gave these weightings, which make up the three heaviest holdings in the index.