MSCI, a leading provider of investment decision support tools, on Thursday announced the results of August 2012 Quarterly Index Review for MSCI Equity Indices with no major change for Pakistan. Within Frontier Markets (FM) index, no country has been added or deleted.
"Reclassification of UAE and Qatar indices from FM to EM (Emerging Market) has not been done that could have increased Pakistan weightage in the FM," Nauman Khan, an analyst at Topline Securities said. While on the other hand, addition of MSCI Morocco and Saudi Arabia that would have reduced Pakistan''s weightage has also not been done, he added.
From individual companies perceptive, no addition or deletion has been done with regards to Pakistan, but addition of one company ie Petrovietnam has been done overall. At present 12 Pakistani companies OGDC, MCB, FFC, POL, UBL, Engro, NBP, PPL, PSO, Hubco, PTCL, and Fatima, are in the index while HBL was dropped from the list in May Quarterly Review.