AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: MSCI has recalibrated its Frontier Market Index, incorporating significant changes for Pakistan’s securities. In its November review, MSCI added eight securities to the Frontier Market Index, with three originating from Pakistan. This adjustment brings the total number of Pakistani stocks in the index to 30, with a weight of 7.7 percent.
In a related move, MSCI added eleven Pakistani securities to its MSCI Frontier Market Small Cap Index, while removing three. One stock was removed due to its upgrade, reflecting the dynamic shifts within the index.
These changes come amid expectations for sustained momentum in the KSE-100 index, driven by improving macroeconomic conditions and currency stability. AKD Securities Limited, which provided the report, anticipates that Pakistan’s equities could soon be part of the MSCI Emerging Markets Index. This is contingent on four Pakistani stocks meeting the MSCI Emerging Markets criteria, which they are close to achieving.
The strategic reshuffling of stocks highlights Pakistan’s evolving position within the global market indices and suggests potential for future growth within the emerging markets spectrum.