Karachi: JS Global Capital Limited, a prominent financial services firm, has commenced the rebalancing of its Banking Sector Exchange Traded Fund, as outlined in a recent announcement. This development follows the reconstitution of the JS Global Banking Sector Index, effective August 15, 2025.

The rebalancing process, initiated in compliance with Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of the Pakistan Stock Exchange (PSX) Regulations, aligns with the guidelines set forth in the Offering Document of the JSGBETF. The index reconstitution will result in adjustments to the ETF's portfolio, which aims to reflect the updated composition of the index. During this rebalancing period, the indicative Net Asset Value (iNAV) will be based on the previous basket, though it may not accurately represent the underlying assets.

The firm has assured stakeholders that the completion of the portfolio reconstitution will be communicated promptly. According to information available from the Pakistan Stock Exchange (PSX), this activity is classified under the designated market category of the banking sector. The reconstitution process is expected to influence the ETF's performance, with changes having the potential to create a Moderate move in its valuation.

JS Global has requested that the TRE Certificate Holders of the Exchange be informed of this rebalancing activity, ensuring transparency and adherence to regulatory obligations.