AVN 67.13 Decreased By ▼ -3.17 (-4.51%)
BOP 9.83 Decreased By ▼ -0.21 (-2.09%)
CHCC 112.33 Decreased By ▼ -9.12 (-7.51%)
DCL 9.81 Decreased By ▼ -0.49 (-4.76%)
DGKC 103.04 Decreased By ▼ -3.56 (-3.34%)
EFERT 60.82 Decreased By ▼ -0.58 (-0.94%)
EPCL 40.10 Decreased By ▼ -1.05 (-2.55%)
FCCL 19.90 Decreased By ▼ -0.20 (-1%)
FFL 15.76 Decreased By ▼ -1.00 (-5.97%)
HASCOL 19.23 Decreased By ▼ -1.92 (-9.08%)
HBL 130.86 Decreased By ▼ -0.03 (-0.02%)
HUBC 78.53 Decreased By ▼ -0.92 (-1.16%)
HUMNL 7.60 Decreased By ▼ -0.20 (-2.56%)
JSCL 25.36 Decreased By ▼ -1.82 (-6.7%)
KAPCO 26.18 Decreased By ▼ -0.76 (-2.82%)
KEL 4.18 Decreased By ▼ -0.06 (-1.42%)
LOTCHEM 11.91 Decreased By ▼ -0.21 (-1.73%)
MLCF 35.98 Decreased By ▼ -1.24 (-3.33%)
OGDC 102.68 Decreased By ▼ -2.70 (-2.56%)
PAEL 32.56 Decreased By ▼ -2.03 (-5.87%)
PIBTL 12.15 Decreased By ▼ -0.63 (-4.93%)
PIOC 91.00 Decreased By ▼ -2.52 (-2.69%)
POWER 8.79 Decreased By ▼ -0.32 (-3.51%)
PPL 91.70 Decreased By ▼ -1.81 (-1.94%)
PSO 200.02 Decreased By ▼ -5.39 (-2.62%)
SNGP 61.00 Decreased By ▼ -1.60 (-2.56%)
STPL 13.05 Decreased By ▼ -0.34 (-2.54%)
TRG 52.26 Decreased By ▼ -2.49 (-4.55%)
UNITY 16.40 Decreased By ▼ -0.95 (-5.47%)
WTL 1.15 Decreased By ▼ -0.03 (-2.54%)
BR100 4,194 Decreased By ▼ -14.04 (-0.33%)
BR30 21,218 Decreased By ▼ -93.63 (-0.44%)
KSE100 40,677 Increased By ▲ 105.44 (0.26%)
KSE30 17,259 Increased By ▲ 53.29 (0.31%)
COVID-19 TOTAL DAILY
CASES 312,806 543
DEATHS 6,484 5

KARACHI: MSCI will release the results of August 2020 Quarterly Index Review on Aug 12. Announcement will be made available shortly after 11 pm Central European Summer Time (CEST), i.e. 2 am Pakistan Standard Time (PST) on Aug 13. Analysts expect no deletions or additions of constituents in MSCI Pakistan Index under MSCI Global Standard Indexes. The existing constituents are Oil and Gas Development Company (OGDC), MCB Bank (MCB) and Habib Bank (HBL).

"We estimate Pakistan's weight is likely to remain around the 0.02 percent mark", Syed Atif Zafar, director research and chief economist at Topline Securities said.

In the last review, the minimum criteria for EMs was reduced to $1,400 million of total market capitalization and $700 million of float market capitalization.

"Under the MSCI Global Small Cap Indexes, we highlight the possibility of inclusion of Bank Al Habib (BAHL) whereas Package Limited (PKGS) may see possible deletion", he said.

Pakistan has been part of MSCI Emerging Market (EM) owing to the Index Continuity Rule since May-2019. "However, we do not expect any developments with respect to the Pakistan's exclusion from MSCI EM", he added.

Copyright Business Recorder, 2020