Pakistan reclassified from MSCI Emerging Markets to Frontier Market
KARACHI: The MSCI has reclassified Pakistan from the Emerging Markets (EM) to Frontier Markets (FM) in stipulated move, assigning 1.25 per cent weight for the constituents of the MSCI FM Index (Standard), which will include Lucky Cement, Habib Bank Limited and MCB Bank Limited. In addition, the MSCI has announced inclusion of 14 constituents to … Read more