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

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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