MSCI adds 3 scrips to Frontier Market, 19 to Small Cap Indexes
MG News | February 13, 2024 at 08:06 AM GMT+05:00
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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