MCB Bank to be removed from FTSE All Cap, PPL downgraded to Small Cap

MG News | August 21, 2023 at 09:17 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

August 21, 2023 (MLN): MCB Bank is all set to be removed from the FTSE All Cap index with an estimated outflow of $9 million while PPL has been downgraded to the small-cap segment, according to the results of FTSE September 2023 Semi-annual Index Review.

Consequently, some market players are poised for a transition as L&M Capital migrates out from the FTSE All World index to the Small Cap segment.

On a country level, Pakistan’s overall weight will be broadly unchanged at 0.04%.

Despite these shifts, market expectations suggest minimal disruptions as FTSE trackers primarily adhere to an all-cap strategy, a report by EFG Hermes noted.

Changes will be effective as of COB 15 September 2023. We note that there will be a query period from 21 August to 1 September 2023, before the results are considered final from September 4.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	165,596.07 264.75M	-0.54% -902.76
ALLSHR	100,017.71 623.24M	-0.46% -463.69
KSE30	49,464.92 86.97M	-0.60% -299.08
KMI30	238,952.40 97.00M	-0.58% -1388.16
KMIALLSHR	65,314.16 323.73M	-0.44% -285.47
BKTi	44,788.98 46.84M	-0.77% -347.65
OGTi	35,107.09 7.04M	-0.41% -145.22

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	79,165.00	81,895.00 78,675.00	-2455.00 -3.01%
BRENT CRUDE	109.47	109.75 106.26	3.75 3.55%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-2.95 -2.61%
ROTTERDAM COAL MONTHLY	109.00	109.00 108.75	1.25 1.16%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	101.16	101.57 97.23	4.24 4.37%
SUGAR #11 WORLD	14.78	15.07 14.67	-0.21 -1.40%