ISLAMABAD, AUGUST 11: A number of significant adjustments are expected to be made regarding Pakistan’s participation in the MSCI Frontier Markets (FM) Index in the next MSCI review, which is set for August 12, 2024. The anticipated start date of these modifications is September 2, 2024.
As per research published by Arif Habib Limited (AHL), the MSCI Frontier Markets (FM) Index is anticipated to include the following seven stocks:
- Sazgar Engineering Works Limited (SAZEW)
- Service Industries Limited (SRVI)
- Pioneer Cement Limited (PIOC)
- G. Khan Cement Company Limited (DGKC)
- Fauji Fertilizer bin Qasim Limited (FFBL)
- Fauji Cement Company Limited (FCCL)
- Faysal Bank Limited (FABL)
Expected Deletions
However, because TRG Pakistan Limited (TRG) does not exceed the $126 million total market capitalization requirement, the AHL research predicts that TRG would be removed from the MSCI FM Index.
Following these modifications, it is anticipated that there would be 27 Pakistani constituents overall in the MSCI FM Index, up from 21 in the previous MSCI review. Pakistan’s weight in the MSCI FM Index is therefore expected to increase from its present value of 3.7 percent to roughly 4.2 percent, according to the research.
