London August 11 2023: MSCI upgraded record 15 Pakistan securities to its Frontier Market Index while added 41 new secuirities to its Frontier Market Small Cap Index.
MSCI Inc. (NYSE:MSCI), a leading provider of critical decision support tools and services for the global investment community, announced the results of the August 2023 Index Review for the MSCI Equity Indexes – including the MSCI Global Standard, MSCI Global Small Cap and MSCI Micro Cap Indexes, the MSCI Frontier Markets, and MSCI Frontier Markets Small Cap Indexes, the MSCI Global Islamic and MSCI Global Islamic Small Cap Indexes, the MSCI US Equity Indexes, the MSCI US REIT Index, the MSCI China A Onshore indexes and the MSCI China All Shares Indexes. All changes will be implemented as of the close of August 31, 2023.
BANK ALFALAH, ENGRO FERTILIZERS, FAUJI FERTILIZER CO, HABIB BANK, HUB-POWER CO, LUCKY CEMENT, MARI PETROLEUM, MCB BANK, MILLAT TRACTORS, PAKISTAN OILFIELDS, PAKISTAN PETROLEUM, PAKISTAN STATE OIL CO, SYSTEMS, TRG PAKISTAN and UNITED BANK are upgraded to MSCI FM Index.
AIR LINK COMMUNICATION, ATTOCK CEMENT PAKISTAN, ATTOCK REFINERY, AVANCEON, BANK OF PUNJAB, BANKISLAMI PAK, CHERAT CEMENT, CNERGYICO PK, ENGRO POWERGEN QADIRPUR, FAUJI CEMENT CO, FAUJI FERTILIZER BIN QASIM, FAYSAL BANK, GUL AHMED TEXTILE MILLS, HONDA ATLAS, HUM NETWORK, INTERNATIONAL INDUSTRIES, INTERNATIONAL STEELS, JAHANGIR SIDDIQUI & CO, KHAN (DG) CEMENT COMPANY, KOHAT CEMENT, KOT ADDU POWER COMPANY, LALPIR POWER, MAPLE LEAF CEMENT, MUGHAL IRON & STEEL IND, NATIONAL FOODS, NATIONAL REFINERY, NETSOL TECHNOLOGIES (PK), NISHAT CHUNIAN POWER, NISHAT MILLS, NISHAT POWER, PAK ALUMINIUM BEV CANS, PAK ELEKTRON, PAKISTAN INTL BULK, PAKISTAN REFINERY, PIONEER CEMENT, SEARLE PAKISTAN, SHELL PAKISTAN, SUI NORTH GAS PIPELINES, TARIQ GLASS INDUSTRIES, TPL PROPERTIES and UNITY FOODS are new additions to MSCI FM Small Cap Index.
