MSCI deletes IGIHL, NRL and PAEL from Global Small Cap Indexes

In a decision taken earlier this morning, Morgan Stanley Capital International in its semi year review has made some changes to the MSCI Global Small Cap Indexes.

The index has deleted three Pakistani companies from list without making any new additions.

In a meeting held in Geneva, Switzerland MSCI Annual Review earlier today removed IGI Holdings, Pak Elektron and National Refinery were deleted from the index Global Small Cap Index earlier today.

However, a total of 210 companies were deleted from the Asia Pacific Region with 159 new additions during the review.

Of all the countries in Asia Pacific Region, Pakistan was the only country with no new additions in the MSCI Global Cap Indexes.

However, in a remarkable growth Japan added more than 52 securities with 15 deletions. Meanwhile, MSCI added 22 and 27 small cap companies from China and India while making 116 and 12 deletions respectively.