MSCI: OGDC added, HBL removed from FM index

MG News | May 13, 2022 at 10:13 AM GMT+05:00

0:00

May 13, 2022 (MLN): Morgan Stanley Capital International (MSCI), a leading provider of research-based indexes and analytics, has announced the addition of Oil & Gas Development Company (OGDC) and the deletion of Habib Bank Limited (HBL) from the constituent list of MSCI Frontier Market Index (FM).

According to a note by Topline Securities, Pakistan has an estimated weight of around 1% in MSCI FM Index.

Within MSCI small-cap index, Engro Polymer Chemicals (EPCL), Habib Bank (HBL) and Indus Motors Company Limited (INDU) have been added to the index.

MSCI has not yet disclosed details on Pakistan's inclusion in MSCI FM 100 and MSCI FM 15% Country Capped Index which may be shared at a later stage, the note said.

To recall, MSCI in its last quarterly review in Feb 2022 had notified that Pakistan is now eligible for inclusion in MSCI FM100 and MSCI FM 15% Country Capped Index.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	155,384.51 274.67M	0.61% 944.82
ALLSHR	95,133.57 856.28M	0.49% 465.41
KSE30	47,466.99 137.10M	0.74% 347.09
KMI30	227,645.22 99.71M	0.67% 1519.50
KMIALLSHR	63,888.06 353.11M	0.50% 319.01
BKTi	41,761.78 72.20M	0.33% 138.95
OGTi	31,619.14 7.57M	0.41% 130.35

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	115,220.00	117,240.00 114,940.00	-2045.00 -1.74%
BRENT CRUDE	67.14	67.52 66.78	0.15 0.22%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-1.20 -1.41%
ROTTERDAM COAL MONTHLY	93.00	0.00 0.00	0.05 0.05%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	62.90	63.24 62.52	0.21 0.34%
SUGAR #11 WORLD	15.90	15.98 15.80	0.11 0.70%