MSCI adds 8 Pakistani companies to Small Cap Index, deletes 1 from FM Standard Index

Global investment research firm Morgan Stanley Capital International (MSCI) announced the results of its index review on Wednesday, according to which, it has deleted one Pakistani company each from its Foreign Markets (FM) Standard Pakistani Index and Small Cap Index, and added eight new ones to the latter.

MSCI provides data and analytics to investors around the world, and its indexes are widely used as benchmarks by exchange-traded funds (ETFs) and mutual funds.

The changes announced in the MSCI Index Review for November will come into effect on November 25.

The changes are as follows:

MSCI FM Standard Pakistan Index:

• Deletion of TRG Pakistan Limited (TRG)

• Addition of Citi Pharma Ltd (CPHL)
• Addition of Crescent Steel & Allied Products Limited (CSAP)
• Addition of Fast Cables Limited (FCL)
• Addition of Flying Cement Company Limited (FLYNG)
• Addition of Pakistan Oxygen Limited (PAKOXY)
• Addition of Shifa International Hospitals Limited (SHFA)
• Addition of Thatta Cement Company Limited (THCCL)
• Addition of TRG Pakistan Limited (TRG)
• Deletion of Fauji Fertilizer Bin Qasim Limited (FFBL)