PSX Marks Launch of JS Global Banking Sector ETF with a Gong Ceremony
Karachi, September 14, 2023 – A gong ceremony was held at Pakistan Stock Exchange (PSX) to formally
launch and celebrate the listing of JS Global Banking Sector Exchange Traded Fund (JSGBETF). The
commencement of trading of units of JSGBETF took place on September 11, 2023. This is the first ETF to be
launched by a brokerage house in Pakistan under the SECP’s Sandbox Guidelines, 2019, and the eighth ETF
to be listed on Pakistan Stock Exchange.
JS Global Banking Sector ETF is a sector specific ETF which will track a total-return, equally weighted index,
JS Global Banking Sector Index (JSGBKTI). JSGBKTI will be replicating stock selection criteria of PSX’s
Banking Tradable Index (BKTI). JSGBETF is a sector specific ETF that tracks a basket of stocks within the
banking sector. It currently consists of eight (8) banking stocks that represent approximately 70 percent of the
listed banking sector or approximately 80 percent on free float market cap.