MSCI announces results of quarterly index review

MSCI has announced the results of the February 2020 Quarterly Index Review for the MSCI Equity Indexes.

According to the results of quarterly index review, there were no changes in the MSCI Pakistan Index under the MSCI Global Standard Indexes. There were also no changes in the MSCI Pakistan Index under MSCI Global Small Cap Index.

There remain three constituents namely Oil and Gas Development (OGDC), MCB Bank (MCB) and Habib Bank (HBL), in the main index.

"We estimate Pakistan's weight is likely to remain around the 0.035 percent mark," Syed Atif Zafar, an analyst at Topline Securities said.

The total numbers of constituents from Pakistan under the MSCI Global Small Cap Index remain at 16. All changes will be made as of the close of Feb 28, 2020.