MSCI Review: Lucky Cement makes it to Global Standard Index

MG News | May 12, 2021 at 02:32 PM GMT+05:00

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May 12, 2021 (MLN): Morgan Stanley Capital Index (MSCI) today has released the results of its semi-annual index review (SAIR), whereby Pakistan now has a weight of 0.023% as compared to 0.016% previously.

Additionally, Pakistan’s weight in the Small Cap Index has been revised to 0.379% as per a report by Arif Habib Limited.

Under the MSCI Global Standard Index, Lucky Cement has been added while Oil and Gas Development Company (OGDC) has been removed from it. Now, the new constituents are MCB Bank (MCB), Habib Bank Limited (HBL), and Lucky Cement (LUCK).

On the other hand, there have been four deletions and one addition to the MSCI Global Small Cap Index as Indus Motors (INDU), Lucky Cement (LUCK), National Bank of Pakistan (NBP) and Packages Limited (PKGS) have been removed and TRG Pakistan (TRG) has been added.

All changes would be effective from May 28, 2021.

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