PSX adds OGDC, Attock Refinery in JS Momentum Index
09-Feb-2026
MettisGlobal
February 09, 2026 (MLN): Pakistan Stock Exchange has reconstituted its JS Momentum Factor Index (JSMFI), adding six companies, including Oil & Gas Development Company Ltd. and K-Electric Ltd., while removing names such as Pakistan Telecommunication Company Ltd. and Maple Leaf Cement Factory Ltd., according to a issued by the bourse.
The re-composition, carried out as of January 30, 2026, follows the index’s predefined rules and will take effect from Monday, February 9, 2026, PSX said in its filing.
The JS Momentum Factor Index is designed to capture stocks exhibiting strong price momentum and is widely tracked by market participants using factor-based investment strategies.
Incoming and Outgoing Constituents
| Incoming Companies | Outgoing Companies |
|---|---|
| Attock Refinery Ltd. | The Bank of Punjab |
| Javedan Corporation Ltd. | Maple Leaf Cement Factory Ltd. |
| K-Electric Ltd. | Mughal Iron & Steel Industries Ltd. |
| Nishat Chunian Power Ltd. | Pakistan International Bulk Terminal |
| Oil & Gas Development Company Ltd. | Pakistan Telecommunication Company Ltd. |
| Sazgar Engineering Works Ltd. | The Searle Company Ltd. |
Revised Index Weights
Following the rebalancing, Pakistan Petroleum Ltd. and National Bank of Pakistan emerged as the largest constituents of the index.
| Symbol | Company | Weight |
|---|---|---|
| PPL | Pakistan Petroleum Ltd. | 20.00% |
| NBP | National Bank of Pakistan | 19.27% |
| OGDC | Oil & Gas Development Company Ltd. | 17.13% |
| ATRL | Attock Refinery Ltd. | 8.97% |
| NML | Nishat Mills Ltd. | 8.32% |
| NCPL | Nishat Chunian Power Ltd. | 7.60% |
| NPL | Nishat Power Ltd. | 6.96% |
| SAZEW | Sazgar Engineering Works Ltd. | 5.33% |
| KEL | K-Electric Ltd. | 4.12% |
| JVDC | Javedan Corporation Ltd. | 2.30% |
The exchange said the changes were approved under its standard index governance framework and have been communicated to market participants.
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