Karachi Stock Exchange Witnesses Significant Price Movement in JS Momentum Factor ETF

Strategic Insights -

On August 4, 2025, the Pakistan Stock Exchange (PSX) observed a substantial fluctuation in the prices of the JS Momentum Factor Exchange Traded Fund (JSMFETF). This ETF, listed on multiple market categories, demonstrated diverse settlement types and price limits across various codes. The regular market category (REG) displayed a settlement type of 'READY' for the JS Momentum Factor ETF (symbol JSMFETF), with an order reject upper price set at 11.65 and a lower at 9.53. The last day close price was recorded at 10.59. Similar patterns were observed in the futures market (FUT), odd lot market (ODL), and square market (SQR).

Key Takeaways:

  • The JS Momentum Factor ETF experienced a significant price movement on August 4, 2025, with varying settlement types and price limits across different market categories.
  • The regular market category (REG) had a settlement type of 'READY' with an order reject upper price of 11.65 and a lower at 9.53, while the last day close price was 10.59.
  • The futures market (FUT) featured JSMFETF-AUGB and JSMFETF-SEP with a settlement type of 'READY' and order reject upper prices of 11.77 and 11.90, respectively.
  • The odd lot market (ODL) and square market (SQR) also featured JSMFETF with a settlement type of 'READY', maintaining similar order reject upper and lower prices as the regular market.
  • The notable changes in order reject upper and lower prices compared to the last day closing price indicate a significant movement in the JS Momentum Factor ETF.
  • The price movement across these market categories indicates a notable shift in the JS Momentum Factor ETF, impacting various Trading Codes and Market Categories.
  • Specific Trading Codes displayed variations in Settlement Prices and Order Reject Upper and Lower Prices, reflecting the complex dynamics of the Pakistani Stock Market.

Statistics:

  • Order reject upper price (REG): 11.65
  • Order reject lower price (REG): 9.53
  • Order reject upper price (FUT): 11.77, 11.90
  • Order reject lower price (FUT): 9.63, 9.74
  • Last day close price (REG, FUT, ODL, SQR): 10.59
  • Settlement type (REG, FUT, ODL, SQR): 'READY'

Sources:

  • [1] PSX (Pakistan Stock Exchange) - Direct Quote. August 4, 2025.