PSX INDEX · JSMFI
JS Momentum Factor
A factor index published with JS, built around price momentum.
Open in SuperX ChartsJSMFI · 11 Nov 2026
40,787.57
+1017.35 (+2.56%) today
Day range 39,905 – 41,039
1 day
+2.6%
1 week
+0.5%
1 month
−5.9%
3 months
−5.3%
6 months
+0.3%
Year to date
−13.9%
1 year
−4.2%
3 years
+219.1%
Since 2022
+280.9%
History held: 1,199 daily closes since 7 Jan 2022. Periods longer than the series are left blank.
- All-time high (close)
- 51,978
- 20 Jan 2026
- From the high
- −21.5%
- 52-week range
- 36,842 – 51,978
- 1-year volatility
- 34.9%
- annualised
- Worst drawdown · 1Y
- −29.1%
- 20 Jan 2026 → 30 Mar 2026
- Sessions in series
- 1,199
- 7 Jan 2022 → 11 Nov 2026
- 2023: +77.06%
- 2024: +158.81%
- 2025: +23.89%
- 2026 YTD: −13.85%
- Dec: +7.32%
- Jan: +6.12%
- Feb: −12.17%
- Mar: −14.36%
- Apr: +5.66%
- May: +3.39%
- Jun: +4.51%
- Jul: −9.03%
- Aug: +18.70%
- Sep: −6.14%
- Oct: −5.70%
- Nov: −1.09%
What the JS Momentum Factor is
A factor index selects companies on a measurable characteristic rather than on size or sector. This one is built around momentum: broadly, holding what has been rising and dropping what has not, reapplied on a schedule.
Factor indices are useful as a mirror. If a momentum basket is beating the broad market, trend-following has been paying in Pakistan lately; if it is lagging, it has not.
The Pakistan Stock Exchange calculates and publishes it; the exchange’s index methodology documents are the authority on eligibility, weighting and recomposition, and they change from time to time.
As of 11 Nov 2026 the JS Momentum Factor holds 18 companies worth Rs 3.7T between them, and 74% of that value sits in fertilizer, oil & gas exploration companies and commercial banks. The largest members by market value are FFC, MARI, MCB, ENGROH and EFERT. On the last session 12 rose and 6 fell. The median constituent trades at 7.1× trailing earnings and yields 2.67%, and is +10.2% so far this year. 13 of them are flagged Shariah-compliant in PSX data.
Where the value sits
- Fertilizer · 2 30%
- Oil & Gas Exploration Companies · 2 26%
- Commercial Banks · 2 18%
- Inv. Banks / Inv. Cos. / Securities Cos. · 1 9%
- Refinery · 4 7%
- Oil & Gas Marketing Companies · 1 5%
- Automobile Assembler · 1 1%
- Property · 1 1%
JS Momentum Factor constituents
All 18 companies the exchange lists in this index, largest first, with the valuation and returns from our own PSX data. Tap a column to sort.
| Symbol | Company | Sector | Price | Chg % | Mkt cap Market cap What the whole company costs at today's price. How it's worked out Share price multiplied by every share in issue. How to read it It is the company's size, not its value. A big number does not mean the price is high against earnings, and a small one does not mean it is low — that is what the ratios below are for. | P/E Price per rupee earned Rupees you pay for each rupee the company earned last year. How it's worked out Share price divided by earnings per share over the last twelve reported months. How to read it Lower only means something against something — the same company's history, its sector, or the market. On its own this ratio says very little, and it is blank when a company lost money. | Yield Dividend yield Cash paid out over the last year as a percentage of today's price. How it's worked out Dividends per share over twelve months divided by the share price. How to read it A very high yield is often a warning, not a gift: it usually means the price fell. Check the payout ratio next to see whether earnings actually cover it. | YTD Year-to-date return How the share price has moved since 1 January, before dividends. How it's worked out Today's price against the last close of the previous year, as a percentage. How to read it It is a PRICE return, so a company that paid a large dividend looks worse here than a holder actually did. The calendar start is arbitrary — a stock that fell in December and recovered in January looks good for reasons that have nothing to do with the business. | 1Y One-year return How the share price has moved over the last twelve months, before dividends. How it's worked out Today's price against the close twelve months ago, adjusted for bonus issues and splits, as a percentage. How to read it Price only. For what a holder actually made, including dividends, see total return — on a high-yield PSX name the two differ by most of the yield. | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| FFC | Fauji Fertilizer Company Limited | Fertilizer | 574.04 | −0.14% | Rs 826B | 10.3× | 8.71% | −2.82% | +16.00% | Leaning Up |
| MARI | Mari Energies Limited | Oil & Gas Exploration Companies | 663.86 | −0.31% | Rs 797B | 8.6× | 4.07% | −7.27% | −3.06% | Sideways |
| MCB | MCB Bank Limited | Commercial Banks | 409.15 | −0.56% | Rs 485B | 8.9× | 6.60% | +7.85% | +17.96% | Sideways |
| ENGROH | Engro Holdings Limited | Inv. Banks / Inv. Cos. / Securities Cos. | 278.02 | −0.31% | Rs 335B | 35.5× | — | +17.17% | +26.81% | Sideways |
| EFERT | Engro Fertilizers Limited | Fertilizer | 210.88 | +0.93% | Rs 282B | 11.4× | 6.28% | −6.83% | −1.37% | Leaning Up |
| POL | Pakistan Oilfields Limited | Oil & Gas Exploration Companies | 670.38 | +0.78% | Rs 190B | 5.5× | 14.92% | +10.17% | +13.65% | Leaning Down |
| AKBL | Askari Bank Limited | Commercial Banks | 123.65 | −0.25% | Rs 179B | 7.1× | 6.27% | +22.96% | +27.46% | Leaning Up |
| PSO | Pakistan State Oil Company Limited | Oil & Gas Marketing Companies | 374.68 | +3.70% | Rs 176B | 5.6× | 2.67% | −20.98% | −12.81% | Sideways |
| ATRL | Attock Refinery Limited | Refinery | 959.23 | +1.07% | Rs 102B | 2.6× | 1.82% | +40.36% | +42.14% | Leaning Down |
| CNERGY | Cnergyico PK Limited | Refinery | 11.77 | +3.70% | Rs 64.7B | 2.7× | — | +59.92% | +53.06% | Sideways |
| GHNI | Ghandhara Industries Limited | Automobile Assembler | 1,251.54 | +0.16% | Rs 53.3B | 6.7× | 0.96% | +58.66% | +60.64% | Leaning Up |
| JVDC | Javedan Corporation Limited | Property | 135.48 | +0.07% | Rs 51.6B | 13.6× | 4.43% | +23.69% | +88.17% | Leaning Down |
| PRL | Pakistan Refinery Limited | Refinery | 80.39 | +4.05% | Rs 50.6B | 1.8× | — | +119.41% | +128.12% | Sideways |
| THCCL | Thatta Cement Company Limited | Cement | 77.23 | +5.20% | Rs 38.5B | 16.3× | 0.76% | −8.26% | −12.91% | Sideways |
| NRL | National Refinery Limited | Refinery | 451.02 | +1.83% | Rs 36.1B | 2.2× | — | +9.63% | +29.07% | Leaning Down |
| AICL | Adamjee Insurance Company Limited | Insurance | 91.62 | +0.56% | Rs 32.1B | 6.0× | 5.46% | +12.93% | +20.90% | Leaning Down |
| TRG | TRG Pakistan Limited | Technology & Communication | 54.83 | +0.72% | Rs 29.9B | — | — | −24.75% | −22.37% | Sideways |
| TREET | Treet Corporation Limited | Food & Personal Care Products | 25.04 | −2.07% | Rs 9.3B | 8.6× | — | −20.71% | −18.73% | Sideways |
No matches.
Membership is the exchange's; prices, valuation and returns are SuperX's PSX data as of 11 Nov 2026. Trend is a description of the price series, not advice — how it is computed.
Every other PSX index
Levels and one-day moves from the same session. The KSE-100 has its own hub.
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Every PSX index, side by side → · KSE-100 hub → · All PSX indices and movers →
Quick answers
What is the JS Momentum Factor index level today?
The JS Momentum Factor closed at 40,787.57 on 11 Nov 2026, +1017.35 points (+2.56%) on the session.
How has the JS Momentum Factor performed this year?
Year to date the JS Momentum Factor is −13.85%; over one year −4.16%; since 2022 +280.94%. Its highest close in the series is 51,978 on 20 Jan 2026.
Which companies are in the JS Momentum Factor?
18 companies as of 11 Nov 2026, the largest being FFC, MARI, MCB, ENGROH, EFERT. 74% of the index value sits in fertilizer, oil & gas exploration companies, commercial banks. The full list, with each company price, valuation and returns, is on this page.
See also: KSE-100 · every PSX index.
Data from PSX via SuperX, delayed and provided for information only — not investment advice. Figures may contain errors; verify with your broker before acting. As of .
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