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MSCI decision to fuel inflows at PSX
Research firm upgrades Lucky Cement, adds TRG Pakistan in global indexes
As per the latest MSCI decision, Pakistan’s weight in MSCI Global Standard Indexes has improved to 0.023% compared to 0.016% earlier. PHOTO: FILE
KARACHI:
Morgan Stanley Capital International (MSCI) - which provides research-based indexes and analytics to global stock market investors - has conducted a semi-annual review to recompose its global indexes on Wednesday.
Accordingly, it has upgraded one Pakistani company to its emerging markets MSCI Global Standard Indexes from its MSCI Global Small Cap Indexes. Besides, it has added one new company from the country to its small cap indexes and deleted four companies in total from the two indexes, according to results of the May 2021 Semi-Annual Index Review.
Press release content from Business Wire. The AP news staff was not involved in its creation.
MSCI Equity Indexes May 2021 Index Review
May 11, 2021 GMT
LONDON (BUSINESS WIRE) May 11, 2021
MSCI Inc. (NYSE:MSCI), a leading provider of research-based indexes and analytics, announced the results of the May 2021 Semi-Annual Index Review for the MSCI Equity Indexes - including the MSCI Global Standard, MSCI Global Small Cap and MSCI Micro Cap Indexes, the MSCI Global Value and Growth Indexes, the MSCI Frontier Markets and MSCI Frontier Markets Small Cap Indexes, the MSCI Global Islamic Indexes, the MSCI US Equity Indexes, the MSCI US REIT Index, the MSCI China A Onshore Indexes and the MSCI China All Shares Indexes. All changes will be implemented as of the close of May 27, 2021. These changes have been posted on the Index Review web page on MSCI’s web site at https://www.msci.com/index-review.
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