Pakistan Granted The Status Of A Global Emerging Market By MSCI – Research Snipers

Pakistan Granted The Status Of A Global Emerging Market By MSCI

As per the MSCI Classification review Pakistan has been granted the status of an emerging market in the world. MSCI, Morgan Stanley Capital International was formed in 1968. The Index measures the performance of countries in stock market in a specific area.  It is after nine years that Pakistan has been promoted to the position of an emerging market. It has opened doors for investors around the world to work and invest in Pakistan.

Previously Pakistan was given the status of a frontier market, now the recent Semi-Annual Index Review was done and the results were announced in May 2017.

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A press release was issued on Tuesday, 16th May 2017. According to it, MSCI Provisional Pakistan Indexes & MSCI Pakistan Indexes will be converged.  From the Pakistan Index nothing would be added while there will be ten removals also eleven additions and six removals would be done from   MSCI Pakistan Small Cap Index.

From 1st June 2017 six huge companies will be part of MSCI Pakistan Index these include:

  1. Oil and Gas Development Company,

2. Habib Bank Limited

3. Engro Corporation

4. MCB Bank

5. United Bank Limited

6. Lucky Cement

 

Moreover small-cap stock that would be added in MSCI Pakistan Index is:

 1.  Bank Alfalah

2. Engro Fertilizers

3. Fauji Cement

4. Fauji Fertilizer Bin Qasim

5. Fauji Fertilizer Company

6. Sui Northern Gas Pipelines

7. Shell Pakistan

8. Searle Pakistan

9. Pakistan State Oil

10. Pakistan Oilfields

11.  Pak Suzuki Motor Company

12.  Ferozesons Laboratories

13. Honda Atlas

 14. Kot Addu Power Company

15. Hub-Power Company

16. Maple Leaf Cement

17. IGI Insurance

18. Millat Tractors

19.Indus Motor Company

20. National Bank of Pakistan

21. International Steels

22. Nishat Mills

23. DG Khan Cement

24. National Refinery

25.  Packages

26. Thal Jute Mills

 It is also anticipated that upgrading of Pakistan’s Stock Exchange Status will increase foreign investment of around $200-500 million in the country.

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