KARACHI: Morgan Stanley Capital Index, aka MSCI, has released the results of its semi-annual index review.
Under the MSCI Global Small Cap Index, TRG Pakistan (TRG) has been added while Indus Motors (INDU), Lucky Cement (LUCK), National Bank of Pakistan (NBP) and Packages Limited (PKGS) have been removed from the index.
On other hand, Lucky Cement has surprisingly made it to MSCI Pakistan Index under MSCI Global Standard Index while Oil and Gas Development Company (OGDC) has been removed from it. Now, the new constituents are Muslim Commercial Bank (MCB), Habib Bank Limited (HBL), and Lucky Cement (LUCK).
Pakistan has been part of MSCI Emerging Market (EM) owing to the Index Continuity Rule since May 2019. Analysts estimate Pakistan’s weight is be around 0.02 per cent.
All changes will be made as of the close of May 28, 2021.