Overall, Pakistan weight in the MSCI EM Index would be slightly raised to 0.023pc from 0.016pc. MSCI website/File
KARACHI: The MSCI on Wednesday announced outcome of its Semi-Annual Index review which to the surprise of some major market participants was addition of Lucky Cement to the MSCI Pakistan Index under the MSCI Global Standard Index in place of Oil and Gas Development Company (OGDC), which was eased out as it fell short of the criteria.
The other two constituents would be MCB Bank (MCB) and Habib Bank (HBL). The changes would be effective from May 28.
Under the MSCI Global Small Cap Indexes, TRG Pakistan (TRG) has been added while Indus Motors (INDU), Lucky Cement, National Bank of Pakistan (NBP) and Packages (PKGS) have been removed.
MSCI upgrades Pakistan’s weight in index
Business
May 13, 2021
KARACHI: The Morgan Stanley Capital International (MSCI) announced outcome of its semi-annual review whereby Pakistan now has a weight of 0.023 percent as compared to 0.016 percent previously.
Additionally, Pakistan’s weight in the small cap index has been revised to 0.379 percent. Pertinently, the changes will become effective from 28th May 2021.
Lucky Cement has been added to the MSCI Pakistan Index under MSCI Global Standard Indexes while Oil and Gas Development Company has been removed from it. The new constituents are MCB Bank, Habib Bank and Lucky Cement.
Under the MSCI Global Small Cap Indexes, TRG Pakistan has been added while Indus Motors, Lucky Cement, National Bank of Pakistan and Packages Limited have been removed. “We estimate inflows in the LUCK to the tune of $39.65 million (6.89 million shares at last closing price) while we estimate outflows in OGDC to clock in at $16.69 million (27.48 milli
The Straits Times
PublishedMay 13, 2021, 5:00 am SGT
https://str.sg/JvJq
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Singapore-based Sea is to be included in the MSCI Singapore Index while Suntec Real Estate Investment Trust (Suntec Reit) will be dropped.
MSCI adds Yang Ming Marine to global standard indexes
05/12/2021 03:07 PM
CNA file photo
Taipei, May 12 (CNA) Yang Ming Marine Transport Corp., one of the leading container cargo service providers in Taiwan, has been added to the MSCI Global Standard Indexes after a semi-annual index review by global index provider MSCI Inc.
In a statement released on its website early Wednesday (Taipei time), MSCI said that on the other hand, it has deleted computer periphery supplier Chicony Electronics Co. and property developer Highwealth Construction Co. from the MSCI Global Standard Indexes.
MSCI said Yang Ming Marine has been removed from the MSCI Global Small Cap Indexes after being included into the global standard indexes, while the index provider has added Chicony Electronics and Highwealth Construction into the the MSCI Global Small Cap Indexes.
MSCI Global Standard Indexes adds Yang Ming
STRONG SHOWING: Analysts said Yang Ming Marine Transport Corp was added thanks to its performance on the Taiwan Stock Exchange as freight rates rose
Staff writer, with CNA
Yang Ming Marine Transport Corp (陽明海運), one of the leading container cargo service providers in Taiwan, has been added to the MSCI Global Standard Indexes after a semi-annual review.
In a statement on its Web site yesterday, the index provider said that it removed Yang Ming from the MSCI Global Small Cap Indexes, but added it to the MSCI Global Standard Indexes.
Conversely, it said that it removed computer periphery supplier Chicony Electronics Co (群光電子) and property developer Highwealth Construction Co (興富發) from the MSCI Global Standard Indexes, but added them to the MSCI Global Small Cap Indexes.