KARACHI: The Pakistan Stock Exchange Limited (PSX) has announced the re-composition of the JS Global Banking Sector Index (JSGBKTI), effective from Monday, February 17, 2025. This exercise, carried out as of December 31, 2024, aligns with the index's relevant rules, which are accessible on the PSX's official website.

The re-composition introduces changes to the list of companies included in the index. Notably, National Bank of Pakistan and Faysal Bank Limited are the new entrants to the JSGBKTI. This re-composition reflects the dynamic nature of the banking sector and aims to ensure that the index accurately represents the industry's current landscape.

The updated JSGBKTI includes the following constituent companies, each holding an equal weight of 12.50% in the index: United Bank Limited (UBL), Habib Bank Limited (HBL), Meezan Bank Limited (MEBL), MCB Bank Limited (MCB), Bank AL Habib Limited (BAHL), National Bank of Pakistan (NBP), Faysal Bank Limited (FABL), and Bank Al-Falah Limited (BAFL).

According to information available from the Pakistan Stock Exchange (PSX), the inclusion of these companies underscores the PSX's commitment to maintaining a robust and representative index that provides valuable insights into the performance of the banking sector.

This re-composition is part of the PSX's ongoing efforts to ensure that its indices remain relevant and reflective of the market dynamics. The JSGBKTI, specifically designated for the banking sector, serves as a crucial benchmark for investors and stakeholders looking to gauge the financial health and performance of this vital segment of Pakistan's economy.