KARACHI: MSCI has announced results of index review for November 2024. In its latest index review, the MSCI announced changes in its global indices constituents, effective after the market close on November 25, 2024.
According to the results, TRG Pakistan Ltd (TRG) has been deleted from MSCI FM Standard Pakistan Index. After this review, there would be total 21 constituents in MSCI standard index including UBL, FFC, HUBC, OGDC, EFERT, LUCK, MCB, MARI, ENGRO, BAHL, PPL, HBL, SYS, MTL, POL, PSO, BAFL, NBP, SAZEW, SNGP, and ILP.
With these changes, Pakistan’s weight in the FM standard index is expected to be around 4.4 percent, Arif Habib Limited report said.
Citi Pharma Ltd (CPHL), Crescent Steel & Allied Products Ltd (CSAP), Fast Cables Ltd (FCL), Flying Cement Company Ltd (FLYNG), Pakistan Oxygen Ltd (PAKOXY), Shifa International Hospitals Ltd (SHFA), Thatta Cement Company Ltd (THCCL), TRG Pakistan Ltd (TRG) have been added in the MSCI small cap index.
Meanwhile, Fauji Fertilizer Bin Qasim Ltd (FFBL) has been deleted from the MSCI small cap index.
The MSCI small cap index includes a total of 399 constituents, out of which 67 (17 percent of the total) constituents are from Pakistan with a weight of 10.5 percent in the small cap index.
Copyright Business Recorder, 2024
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