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AIRLINK, PAEL, PRL, GHNI, BYCO, TREET Added To JS Momentum Factor Index

admin-augaf by admin-augaf
January 7, 2025
in Business, Finance, National, News
Reading Time: 2 mins read
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PSX Goes Live With ‘Public PRIDE’ For Upcoming IPOs

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Karachi January 7 2024: Pakistan Stock Exchange Limited has carried out the re-composition exercise of JSMFI as of December 31, 2024 in accordance with the relevant index rules.

As a result, Mari Petroleum Company Limited, Air Link Communication Limited, Pak Elektron Limited, Pakistan Refinery Limited, Ghandhara Industries Limited, Cnergyico PK Limited and Treet Corporation Limited are added to the index.

Incoming and Outgoing Companies

S.No.Incoming Outgoing
1Mari Petroleum Company LimitedThe Bank of Punjab
2Air Link Communication LimitedFauji Foods Limited
3Pak Elektron LimitedGlaxoSmithKline Pakistan Limited
4Pakistan Refinery LimitedHabib Bank Limited
5Ghandhara Industries LimitedPakistan Petroleum Limited
6Cnergyico PK LimitedPakistan Telecommunication Company Ltd
7Treet Corporation LimitedThe Searle Company Limited

The constituents of JSMFI along with their weights in the index as of December 31, 2024 are as under:

Constituents of JSMFI and Their Weights (As of December 31, 2024)

S.No.SymbolConstituent Companies Weights
1MARIMari Petroleum Company Limited20.00%
2PSOPakistan State Oil Company Limited20.00%
3ATRLAttock Refinery Limited12.57%
4SSGCSui Southern Gas Company Limited10.09%
5AIRLINKAir Link Communication Limited10.08%
6PAELPak Elektron Limited9.02%
7PRLPakistan Refinery Limited7.13%
8GHNIGhandhara Industries Limited4.86%
9CNERGYCnergyico PK Limited3.77%
10TREETTreet Corporation Limited2.48%

The above changes in the JSMFI will be implemented w.e.f. Tuesday, January 07, 2025.

Tags: JSMFIPSX
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