JS Momentum Factor ETF Demonstrates Solid Performance

Karachi, The JS Momentum Factor ETF (JSMFETF) traded actively today, closing at Rs. 14.93. With a paid-up capital of Rs. 500 million, the ETF showcased robust performance with a turnover of 3,748,000 units. The ETF’s price ranged between Rs. 15.82 and Rs. 12.42 during the January-February 2024 period, while today’s rate matched the daily weighted average, emphasizing consistent investor interest. Since its inception in 2022, JSMFETF has focused on leveraging momentum-based strategies, culminating in an iNAV of Rs. 9.69.