MSCI Review: Status quo for Pakistan in Global Standard Index

MG News | February 13, 2020 at 10:32 AM GMT+05:00

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February 13, 2020 (MLN): Morgan Stanley Capital International (MSCI) recently announced the results of the February 2020 Quarterly Index Review of the MSCI Equity Indexes as per which there were no changes in the MSCI Pakistan Index under MSCI global standard indexes.

There were also no changes made in the MSCI Pakistan Index under MSCI Global Small Cap Index, revealed a report by Topline.

Furthermore, there were no addition or deletion made in the constituents of Pakistan Index as the three main constituents namely; Oil & Gas Development (OGDC), MCB Bank (MCB) and Habib Bank (HBL) remained in the MSCI Global Standard Index for Pakistan.

Likewise, the total number of constituents from Pakistan under the MSCI Global Small Cap Index remained at 16.

Going by the report, Pakistan’s weight is likely to remain around the 0.035% mark.

To recall, on November 8, 2019, MSCI announced the results of its Semi-Annual Index Review for MSCI Equity Indexes, wherein Pakistan retained its position in the MSCI Emerging Market Index.

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