London November 15 2023: MSCI added and removed four Pakistan securities from 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 November 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 November 30, 2023.
AGHA STEEL INDUSTRIES, AGP, PAK SUZUKI MOTOR CO and SAZGAR ENGINEERING WORKS are added while FAYSAL BANK, KOHAT CEMENT, MAPLE LEAF CEMENT and SHELL PAKISTAN are removed from small cap index.
After this review, 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 part of MSCI FM Index.
Moreover, MSCI FM small cap index includes 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, GUL AHMED TEXTILE MILLS, HONDA ATLAS, HUM NETWORK, INTERNATIONAL INDUSTRIES, INTERNATIONAL STEELS, JAHANGIR SIDDIQUI & CO, KHAN (DG) CEMENT COMPANY, KOT ADDU POWER COMPANY, LALPIR POWER, 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, SUI NORTH GAS PIPELINES, TARIQ GLASS INDUSTRIES, TPL PROPERTIES, UNITY FOODS, AGHA STEEL INDUSTRIES, AGP, PAK SUZUKI MOTOR CO and SAZGAR ENGINEERING WORKS.
