Karachi, The Pakistan Stock Exchange Limited has completed the re-composition exercise of the JS Momentum Factor Index (JSMFI) as of February 29, 2024, following the specific index rules. This periodic update has led to changes in the constituents of the index, affecting several prominent companies within the market.

In the recent re-composition, Meezan Bank Limited, NetSol Technologies Limited, Pakistan Refinery Limited, Unity Foods Limited, Attock Refinery Limited, Pioneer Cement Limited, Millat Tractors Limited, and Bank Alfalah Limited have been added to the JSMFI. These companies have replaced BankIslami Pakistan Limited, Engro Corporation Limited, Habib Bank Limited, Honda Atlas Cars (Pakistan) Limited, Indus Motor Company Limited, Mari Petroleum Company Limited, Oil & Gas Development Company Limited, and Pakistan Petroleum Limited, which were previously part of the index.

The re-composition also includes an update on the weight of each company within the JSMFI. Sazgar Engineering Works Limited now holds the highest weight in the index at 20.00%, followed by Pakistan Refinery Limited with 17.26% and Engro Fertilizers Limited at 15.39%. Other companies such as Attock Refinery Limited, Meezan Bank Limited, NetSol Technologies Limited, Unity Foods Limited, Bank Alfalah Limited, Pioneer Cement Limited, and Millat Tractors Limited have been assigned weights ranging from 14.55% to 3.09%, reflecting their varying impacts on the index's performance.

The changes in the JSMFI constituents and their respective weights are expected to influence the dynamics of the index, reflecting the current market trends and the performance of the included companies.

Karachi, The Pakistan Stock Exchange (PSE) released its daily market report for March 6, 2024, revealing a mixed performance across various indices. The data highlights the dynamics within the main board and other segments, including debt securities and mutual funds.

The report details that the number of listed companies remains at 524, with the listed paid-up capital reaching 1,671,330 million. The market's capitalization was recorded at 9,343,655,666,941, showing the vast scale of trading activities. The day's traded volume stood at 419,737,124, paired with a traded value of 18,296,918,561.

Market sentiment was divided, as indicated by the numbers of advancers and decliners, 163 and 172 respectively, with 19 companies remaining neutral out of a total of 354 listed entities.

In the realm of debt, the market hosts 13 publicly issued debt securities with a total issue size of 70,000,000,000, and 23 privately placed debt securities, contributing a larger total issue size of 513,013,300,000. Additionally, the number of listed open-end mutual funds and ETFs (Exchange-Traded Funds) were noted, enhancing the market's diversity.

The PSX indices painted a picture of varied performance. The KSE-100 Index slightly decreased by 69.42 points, closing at 65,656.62, marking a -0.11% change. In contrast, the KSE-All Shares Index experienced a modest rise, gaining 30.52 points to close at 43,454.19, an increase of 0.07%. Other indices, such as the KSE-30, KMI-30, and OGTi, reported decreases, illustrating the differing investor sentiments across various sectors.

However, some indices like the BKTi and PSX-KMI-All-Shares showed positive movements, indicating areas of investor confidence. Specific indices like HBLTTI witnessed a slight increase, ending at 13,376.12, a 0.15% rise from the previous day.

The mixed results across different market segments and indices provide a comprehensive overview of the current economic landscape, as reflected in the stock market's daily activities.

Lahore, The Securities and Exchange Commission of Pakistan (SECP) has granted Shakarganj Limited an extension for holding its Annual General Meeting (AGM). The company, which ended its fiscal year on September 30, 2023, has received approval from the regulatory authority to extend the date for its AGM to February 27, 2024.

Shakarganj Limited, known for its involvement in the sugar industry, has been given additional time to prepare and present its annual financial statements to shareholders. The extension aims to provide the company with sufficient time to finalize and audit its annual accounts, ensuring transparency and compliance with regulatory requirements.