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No changes from Pakistan in EM Index and Small cap Index

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MSCI

KARACHI: MSCI Emerging Market has announced the results of the February 2020 Quarterly Index Review for the MSCI Equity Indexes.

All changes will be made as of the close of Feb 28, 2020.

From Pakistan’s viewpoint, 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. “Pakistan’s weight is likely to remain around the 0.035% mark,” Syed Atif Zafar of Topline Brokerage House said.

The total number of constituents from Pakistan under the MSCI Global Small Cap Index remains at 16, the report said.