MSCI Review: Status Quo for Pakistan in MSCI Global Standard Index, some changes in MSCI EM Small Cap Index

MG News | May 13, 2020 at 10:09 AM GMT+05:00

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May 13, 2020 (MLN): Morgan Stanley Capital International (MSCI), a leading provider of research-based indexes and analytics, announced the results of the May 2020 Semi-Annual Index Review for MSCI Equity Indexes including MSCI Global Standard Index and MSCI Global Small Cap, as per which MSCI revealed changes in constituents of its global indices which would be effective from Jun 1, 2020.

From Pakistan’s perspective, all three stocks including OGDC, MCB and HBL retained their position in MSCI standard index. To recall, MSCI Pakistan currently have 3 constituents including Habib Bank (HBL), Oil and Gas Development Co. (OGDC), and MCB Bank (MCB).

Whereas, with regards to MSCI Emerging Market Small Cap Index, there are two additions and deletions from Pakistan Small Cap index. MSCI deleted two securities i.e. SNGPL and NML and added two securities PPL and MARI in MSCI EM small-cap index.

Pakistan’s weight in MSCI EM main Index is expected to be 0.026%.

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