MSCI, a leading provider of investment decision support tools world-wide, announced the results of the November 2012 Semi-Annual Index Review for MSCI Equity Indices with no major change for Pakistan. Within Frontier Markets (FM) index that consists of 25 frontier markets (FM), no country has been added or deleted.
"It remained silent on reclassification of UAE and Qatar indices from FM to EM (Emerging Market) that could have increased Pakistan weight-age in the FM", Nauman Khan, an analyst at Topline Securities said. While on the other hand, no addition of MSCI FM has been done which could possibly affect Pakistan's weightage substantially.
From individual companies perceptive, three additions to and eleven deletions from MSCI Frontier Market Index has been done. No company from Pakistan has been added or deleted. Amongst the regional peers 1 addition and 4 deletions have been made for Bangladesh, while for Sri Lanka no addition and 2 deletions have been done. At present, Pakistan have 12 companies in the index that includes OGDC, MCB, FFC, POL, UBL, Engro, NBP, PPL, PSO, Hubco, PTCL and Fatima Fertiliser.
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