PSX replaces 8 of 10 JSMFI constituents in re-composition

Mettis Global reported that the Pakistan Stock Exchange has rebuilt the JS Momentum Factor Index (JSMFI), replacing eight of its ten constituents, effective from Wednesday, October 7, 2026. The eight incoming names are Mari Energies, Engro Holdings, Askari Bank, Pakistan Oilfields, TRG Pakistan, Engro Fertilizers, Adamjee Insurance and Javedan Corporation. Pakistan Refinery, Cnergyico PK, Maple Leaf Cement Factory, Pakistan State Oil, Pakistan Petroleum, Ghandhara Automobiles, Thatta Cement and Sui Southern Gas are the companies removed.

Both National Refinery and Attock Refinery are retained, with each holding 20%, so together they account for 40% of the basket. Among the new names, Mari Energies carries the heaviest proportion, 14.46%, while Engro Holdings holds 11.74% and Askari Bank 8.10%. The notice, dated October 6 and numbered PSX/N-1225, implemented the changes as of September 30, 2026, under the index rules published on the exchange website.