Three stocks, including BAHL, ILP and SNGP, were added to the MSCI FM Standard Pakistan Index.

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In its latest Quarterly Index Review (QIR), the MSCI has announced changes in its global indices constituents, effective from Mar 01, 2024.

Three stocks including BAHL, ILP and SNGP added in MSCI FM Standard Pakistan Index.

There are total 19 addition including AICL, AGL, ASL, AKBL, CEPB, FEROZ, GHNI, GHGL, HASCOL, IGIHL, JSBL, MUREB, NCL, PCAL, PSX, SGF, SSGC, TREET and WTL in MSCI Frontier Small Cap Index.

In addition BIPL, FCCL, PSMC and SNGP have been deleted from MSCI Frontier Small Cap Index.

Pakistan weight in MSCI FM standard index is expected to be around 3.3%.

KSE100 index has outperformed all MSCI frontier markets and MSCI FM index during FY24TD.

Overall, this review is anticipated to have a neutral impact on the market.

Courtesy – AHL Research

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