MSCI reshuffles Pakistan stocks in index review
Abbott exits frontier gauge as small-cap additions take effect Feb. 27
Business Desk
The Business Desk tracks economic trends, market movements, and business developments, offering analysis of both local and global financial news.
MSCI has announced changes to its equity indices for Pakistan, removing one company from the MSCI Frontier Markets (FM) Pakistan Index and adjusting constituents in the MSCI Small Cap Index.
According to the latest review, Abbott Laboratories (Pakistan) Ltd. will be deleted from the MSCI FM Pakistan Index. No new additions were made to the index in this review.
In the MSCI Small Cap Index, Security Papers Ltd. and Zarea Ltd. have been added, while Lalpir Power Ltd. has been removed.
The changes are part of MSCI’s periodic index review process, which is closely watched by investors as it can influence fund flows and trading volumes in affected stocks. Index adjustments typically prompt portfolio rebalancing by funds tracking MSCI benchmarks.
All changes will be effective from Feb. 27.
Comments
See what people are discussing