Under the MSCI Global Small Cap Indexes, the analyst said the possibility of inclusion of TRG whereas PKGS may see possible deletion
The analyst expects no deletions or additions of constituents in MSCI Pakistan Index under MSCI Global Standard Indexes in the next review.
Announcement will be made available shortly after 11pm Central European Summer Time (CEST), i.e. 2 am Pakistan Standard Time (PST) on Feb 10, 2021. All changes will be made as of the close of Feb 26, 2021.
The existing constituents are Oil and Gas Development Company (OGDC), MCB Bank (MCB) and Habib Bank (HBL).
Under the MSCI Global Small Cap Indexes, the analyst said the possibility of inclusion of TRG Pakistan (TRG) whereas Packages Limited (PKGS) may see possible deletion.
Pakistan has been part of MSCI Emerging Market (EM) owing to the Index Continuity Rule since May-2019.
However, the analysts do not expect any developments with respect to the Pakistan’s exclusion from MSCI EM. The analyst at Topline brokerage house estimates Pakistan’s weight is likely to remain around the 0.02% mark.