Karachi, (PPI Bot): The JS Momentum ETF, representing a basket of securities designed to capture market momentum, maintained a stable position on the Pakistan Stock Exchange on November 23, 2023. The fund opened and closed at the same price of Rs. 13.31, with a negligible fluctuation in the day's trading — the low and high touching Rs. 13.3. Despite this steadiness, the ETF experienced minimal trading activity, with only 1,000 shares traded, closing slightly lower at Rs. 13.16.

Futures contracts for the ETF reflected no activity, with the December (JSMFETF-DEC), January (JSMFETF-JAN), and November (JSMFETF-NOV) futures all recording no opening or closing transactions. Despite the lack of trades, the futures contracts had set closing prices at Rs. 13.64, Rs. 13.91, and Rs. 13.31, respectively, with the market anticipating slightly lower future values at Rs. 13.51, Rs. 13.77, and Rs. 13.18.

The consistent opening and closing prices in the spot market, coupled with the forecasted futures values, suggest a market consensus on the anticipated performance of the JS Momentum ETF in the near term.