MSCI adds 3 scrips to Frontier Market, 19 to Small Cap Indexes

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By MG News | February 13, 2024 at 08:06 AM GMT+05:00

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February 13, 2024 (MLN): Morgan Stanley Capital International (MSCI) has incorporated 3 new scrips into its Frontier Market Index, without making any deletions, MSCI quarterly review revealed on Tuesday which will be effective from March 01, 2024.

The additions include Bank Al-Habib (PSX: BAHL), Interloop (PSX: ILP), and Sui Northern Gas Pipelines Limited (PSX: SNGP).

Accordingly, Pakistan now has 20 stocks in the MSCI Frontier Market (FM) Index.

To note, SNGP was moved from the MSCI Frontier Market Small Cap Index.

Moreover, 19 stocks have been newly added to the MSCI Frontier Market Small Cap Index, while 4 have also been removed from the same index.

The changes to the FM Small Cap Index are provided in the table below:

MSCI Frontier Market Small Cap Index (Changes)
Additions Deletions
Adamjee Insurance Co Bankislami Pak
Agritech Fauji Cement Co
Aisha Steel Mills Pak Suzuki Motor Co
Askari Bank Sui North Gas Pipelines
Century Paper & Board  
Ferozesons Laboratories  
Ghandhara Industries  
Ghani Glass  
Hascol Petroleum  
IGI Holdings  
JS Bank  
Murree Brewery  
Nishat Chunian  
Pakistan Cables  
Pakistan Stock Exchange  
Service Global Footwear  
Sui Southern Gas Co  
Treet Corp  
Worldcall Telecom  

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