MSCI shifts SAZEW to FM Index

MG News | August 13, 2024 at 05:32 AM GMT+05:00

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August 13, 2024 (MLN): Global index provider Morgan Stanley Capital International (MSCI) has transferred one stock — Sazgar Engineering Works (PSX: SAZEW) — to its Frontier Market (FM) Index as part of its latest quarterly review released on Tuesday.

Accordingly, Pakistan now has 22 stocks in the MSCI FM Index.

Moreover, 6 stocks have been newly added to the MSCI Frontier Market Small Cap Index, while 2 have also been removed from the same index.

The additions include Atlas Battery, Ghandhara Automobiles, Habib Sugar Mills, Lotte Chemical Pakistan, Otopus Digital, and Soneri Bank.

While the deletions include Hascol Petroleum and Sazgar Engineering Works.

These changes will be implemented as of the close of August 30, 2024.

MSCI is a leading provider of critical decision support tools and services for the global investment community.

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