MSCI reviews FM Index.
KARACHI -- Global investment index provider MSCI has removed MCB Bank from its main Frontier Market Index and added it to the MSCI Frontier Market Small-Cap Index.
According to a report by Topline Securities on Monday, the semi-annual review announcement on Nov 10 showed Pakistan has now only two constituents left in the MSCI Frontier Market Index, namely Lucky Cement Ltd and Oil and Gas Development Company Ltd.
MSCI did not notify Pakistan's weight in the index, but the brokerage estimated it to be 0.7 per cent. The changes to the MSCI Frontier Market Index will be effective from Nov 30.
As per the...
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