MSCI: OGDC added, HBL removed from FM index

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

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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.     

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