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

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	162,994.17 366.14M	-1.71% -2829.70
ALLSHR	97,525.91 833.18M	-1.65% -1634.99
KSE30	49,090.22 171.05M	-2.02% -1011.73
KMI30	234,097.76 141.71M	-1.92% -4583.61
KMIALLSHR	63,284.58 381.76M	-1.79% -1151.00
BKTi	45,458.10 90.77M	-1.53% -707.82
OGTi	33,162.89 14.24M	-2.82% -962.44

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	76,765.00	77,030.00 75,655.00	990.00 1.31%
BRENT CRUDE	109.63	114.70 107.07	-0.81 -0.73%
RICHARDS BAY COAL MONTHLY	113.00	113.00 113.00	-1.30 -1.14%
ROTTERDAM COAL MONTHLY	110.25	112.00 108.20	-0.20 -0.18%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	105.42	110.93 103.50	-1.46 -1.37%
SUGAR #11 WORLD	14.61	14.85 14.49	-0.16 -1.08%