August 07, 2026 (MLN): The Pakistan Stock Exchange (PSX) has carried out the re-composition of the JS Momentum Factor Index (JSMFI) as of July 31, 2026, replacing nine constituent companies including Maple Leaf Cement Factory Limited, Sui Northern Gas Pipelines Limited and Pakistan Stock Exchange Limited, in accordance with the relevant index rules.
The changes will take effect from Friday, August 7, 2026.
Incoming and outgoing companies
|
S.No. |
Incoming |
Outgoing |
|
1 |
Pakistan Refinery Limited |
Maple Leaf Cement Factory Limited |
|
2 |
United Bank Limited |
Sui Northern Gas Pipelines Limited |
|
3 |
Cnergyico PK Limited |
Pakistan Stock Exchange Limited |
|
4 |
Meezan Bank Limited |
Sui Southern Gas Company Limited |
|
5 |
National Refinery Limited |
Thatta Cement Company Limited |
|
6 |
Ghandhara Industries Limited |
Interloop Limited |
|
7 |
Attock Refinery Limited |
D.G. Khan Cement Company Limited |
|
8 |
Pakistan Telecommunication Company Ltd |
PIA Holding Company Limited |
|
9 |
Habib Bank Limited |
The Organic Meat Company Limited |
In the revised index, United Bank Limited carries the highest weight at 18.73%, followed by Meezan Bank Limited at 12.77% and Pakistan Refinery Limited at 10.03%.
JSMFI constituents and weights (as of July 31, 2026)
|
S.No. |
Symbol |
Constituent Company |
Weight |
|
1 |
UBL |
United Bank Limited |
18.73% |
|
2 |
MEBL |
Meezan Bank Limited |
12.77% |
|
3 |
PRL |
Pakistan Refinery Limited |
10.03% |
|
4 |
HBL |
Habib Bank Limited |
9.59% |
|
5 |
GAL |
Ghandhara Automobiles Limited |
9.20% |
|
6 |
ATRL |
Attock Refinery Limited |
8.78% |
|
7 |
NRL |
National Refinery Limited |
8.52% |
|
8 |
PTC |
Pakistan Telecommunication Company Ltd |
8.11% |
|
9 |
CNERGY |
Cnergyico PK Limited |
7.97% |
|
10 |
GHNI |
Ghandhara Industries Limited |
6.29% |
The aforementioned was disseminated through a notification to Exchange.