August 11, 2023 (MLN): Morgan Stanley Capital International (MSCI) has incorporated 15 new scrips into its Frontier Market Index, without making any deletions, MSCI quarterly review revealed on Thursday which will be effective from September 01, 2023.
Accordingly, Pakistan has 58 stocks in the MSCI Frontier Market Index, of which 42 are total additions in this review. 15 stocks have been added to MSCI Frontier Market (FM) Index. 14 scrips have been moved from MSCI Frontier Market Small Cap Index.
During its previous review in May 2023, Bank Alfalah Limited (BAFL), Engro Polymer & Chemicals Limited (EPCL), and Indus Motor Company (INDU) had been deleted from MSCI Small Cap Index and now has been added to the MSCI Frontier Market Index.
It is important to mention that all 41 stocks added to MSCI Frontier Market Small Cap Index are new additions and have not moved from MSCI Frontier Market Index.
The names of the scrips are provided under the below tables:
| MSCI Frontier Market Index | ||||||||
|---|---|---|---|---|---|---|---|---|
| SR No | Company Name | Symbol | Sector | Action | 6M ADTO | M.Cap | Performance | |
| (Dollar in Million) | YTD FY24 | YTD CY23 | ||||||
| 1 | Oil & Gas Development Co Ltd. | OGDC | Oil & Gas Exp | No change | 2.2 | 1,462 | 29% | 32% |
| 2 | Mari Petroleum Company Ltd. | MARI | Oil & Gas Exp | Added | 0.3 | 780 | 6% | 10% |
| 3 | Pakistan Petroleum Limited. | PPL | Oil & Gas Exp | Added | 1.4 | 659 | 19% | 5% |
| 4 | Lucky Cement Limited. | LUCK | Cement | Added | 0.8 | 656 | 17% | 37% |
| 5 | MCB Bank Limited. | MCB | Banks | Added | 0.3 | 602 | 22% | 33% |
| 6 | United Bank Ltd. | UBL | Banks | Added | 0.6 | 602 | 36% | 88% |
| 7 | Engro Corporation Limited | ENGRO | Fertilizer | No change | 1.0 | 527 | 2% | 17% |
| 8 | Habib Bank Limited. | HBL | Banks | Added | 0.9 | 514 | 39% | 66% |
| 9 | Pakistan Oilfields Limited. | POL | Oil & Gas Exp | Added | 0.4 | 436 | 11% | 19% |
| 10 | Systems Limited. | SYS | Technology | Added | 0.7 | 435 | 5% | -11% |
| 11 | Fauji Fertilizer Co. Ltd. | FFC | Fertilizer | Added | 0.2 | 426 | -3% | 4% |
| 12 | Hub Power Company Limited. | HUBC | Power | Added | 0.8 | 374 | 23% | 52% |
| 13 | Engro Fertilizers Limited. | EFERT | Fertilizer | Added | 0.3 | 363 | -6% | 12% |
| 14 | Millat Tractors Limited. | MTL | Autos | Added | 0.2 | 279 | 9% | 47% |
| 15 | Bank Al Falah | BAFL | Banks | Added | 0.2 | 222 | 33% | 45% |
| 16 | Pakistan State Oil Co Ltd. | PSO | Oil & Gas Mark. | Added | 0.7 | 197 | 11% | -15% |
| 17 | TRG Pakistan Ltd. | TRG | Technology | Added | 1.3 | 192 | 8% | -9% |
| MSCI Frontier Market Small Cap Index | ||||||||
|---|---|---|---|---|---|---|---|---|
| SR No | Company Name | Symbol | Sector | Action | 6M ADTO | M.Cap | Performance | |
| (Dollar in Million) | YTD FY24 | YTD CY23 | ||||||
| 1 | Faysal Bank | FABL | Banks | Added | 0.14 | 134 | 26% | 3% |
| 2 | Maple Leaf Cement | MLCP | Cement | Added | 0.63 | 120 | 13% | 42% |
| 3 | Kohat Cement | KOHC | Cement | Added | 0.09 | 117 | -4% | 13% |
| 4 | Unity Foods | UNITY | Foods | Added | 0.42 | 112 | 72% | 90% |
| 5 | Fauji Cement Co | FCCL | Cement | Added | 0.16 | 104 | 4% | 2% |
| 6 | Shell Pakistan | SHEL | Oil & Gas Mark. | Added | 0.41 | 100 | 16% | 25% |
| 7 | Sui North Gas Pipelines | SNGP | Oil & Gas Mark. | Added | 0.60 | 99 | 18% | 24% |
| 8 | National Foods | NATF | Foods | Added | 0.16 | 92 | 15% | 14% |
| 9 | Attock Refinery | ATRL | Refinery | Added | 0.85 | 90 | 42% | 70% |
| 10 | Cherat Cement | CHCC | Cement | Added | 0.25 | 89 | 10% | 31% |
| 11 | DG Khan Cement | DGKC | Cement | Added | 0.52 | 81 | 4% | 3% |
| 12 | Nishat Mills | NML | Textiles | Added | 0.22 | 81 | 16% | 20% |
| 13 | Kot Addu Power Company | KAPCO | Power | Added | 0.13 | 77 | 22% | 8% |
| 14 | Pioneer Cement | PIOC | Cement | Added | 0.47 | 74 | 8% | 81% |
| 15 | Avanceon | AVN | Technology | Added | 0.37 | 70 | 22% | -7% |
| 16 | international steels | ISL | Engineering | Added | 0.13 | 70 | 14% | 9% |
| 17 | Cnergyico Pk | CNERGY | Refinery | Added | 0.13 | 66 | 23% | -6% |
| 18 | Bankislami Pak | BIPL | Banks | Added | 0.19 | 66 | -3% | 41% |
| 19 | Fauji Fertilizer Bin Qasim | FFBL | Fertilizer | Added | 0.06 | 65 | 22% | -6% |
| 20 | Pak Aluminium Bev Cans | PABC | Misc. | Added | 0.09 | 62 | 10% | 28% |
| 21 | Mughal Iron & Steel | MUGHAL | Engineering | Added | 0.15 | 62 | 62% | 10% |
| 22 | Honda Atlas | HCAR | Autos | Added | 0.10 | 61 | 33% | -26% |
| 23 | Searle Pakistan | SEARL | Pharma | Added | 0.32 | 60 | 10% | -29% |
| 24 | National Refinery | NRL | Refinery | Added | 0.41 | 55 | 32% | 12% |
| 25 | Tariq Glass Industries | TGL | Glass | Added | 0.14 | 53 | 30% | 36% |
| 26 | Gul Ahmed Textile Mills | GATM | Textiles | Added | 0.08 | 47 | 2% | -12% |
| 27 | Bank Of Punjab | BOP | Banks | Added | 0.08 | 46 | 18% | -2% |
| 28 | Attock Cement Pakistan | ACPL | Cement | Added | 0.03 | 43 | 9% | 59% |
| 29 | Jahangir Siddiqui & Co | JSCL | Investment Co. | Added | 0.02 | 42 | 40% | 38% |
| 30 | International Ind | INIL | Engineering | Added | 0.08 | 42 | 25% | 30% |
| 31 | Lalpir Power | LPL | Power | Added | 0.08 | 40 | 100% | 126% |
| 32 | Pakistan Refinery | PRL | Refinery | Added | 0.40 | 36 | 23% | 28% |
| 33 | Pak Elektron | PAEL | Cable | Added | 0.12 | 33 | 21% | -16% |
| 34 | Air Link Communication | AIRLINK | Technology | Added | 0.18 | 32 | 17% | -22% |
| 35 | Nishat Power | NPL | Power | Added | 0.07 | 31 | 48% | 54% |
| 36 | Nishat Chunian Power | NCPL | Power | Added | 0.08 | 28 | 33% | 56% |
| 37 | Engro Powergen Qadirpur | EPQL | Power | Added | 0.03 | 27 | 7% | -2% |
| 38 | TPL Properties | TPLP | Property | Added | 0.41 | 27 | 10% | -5% |
| 39 | Netsol Technologies | NETSOL | Technology | Added | 0.24 | 27 | 15% | 0% |
| 40 | Pakistan Intl Bulk | PIBTL | Transport | Added | 0.06 | 25 | -1% | -14% |
| 41 | Hum Network | HUMNL | Technology | Added | 0.04 | 23 | -1% | -1% |
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