KARACHI: The benchmark KSE-100 Index increased 0.37 per cent during the week ended February 11, 2022. This positivity in the market can be attributed to good corporate announcement, where higher-than-expected dividend announcement came as a positive surprise for the market. An analyst at Topline Securities said that the MSCI released update on its Quarterly Index … Read more
KARACHI: The low foreign inclusion factor remains a major reason for Pakistan’s MSCI Index to witness no major changes in the negotiations, analysts said. The MSCI has commenced consultations on the potential inclusion of MSCI Pakistan Index to the MSCI Frontier Market (FM) 100 index and MSCI FM 15 per cent Country Capped Index, a … Read more
KARACHI: The Morgan Stanley Capital International (MSCI) has added Pakistan in MSCI FM 100 and MSCI FM 15% country cap index, which could bring around $85 million inflows to the local stock market. Wajid Rizvi at JS Global Capital said that Pakistan would become a part of these indices in the upcoming MSCI Semi-Annual Index … Read more
NEW YORK: Crypto assets such as Bitcoin have matured from an obscure asset class with few users to an integral part of the digital asset revolution, raising financial stability concerns. The market value of these novel assets rose to nearly $3 trillion in November from $620 billion in 2017, on soaring popularity among retail and … Read more
KARACHI: The Pakistan equity market is poised for a strong year-end performance, owing to the ease-off in the global commodities, improving Pakistan’s macro outlook, International Monetary Fund (IMF)-related uncertainty largely behind and completion of the MSCI-related re-balancing, dealers said. The stocks posted marginal gains during the week ended December 10, 2021, amid depreciating rupee, rising … Read more
KARACHI: The depreciating rupee, rising deficits and anticipation of sharp jump in interest rates dragged the Pakistan stocks down 2 per cent during the week ended December 3, 2021, dealers said. However, with the ease in the global commodities improving Pakistan’s macro-outlook, the International Monetary Fund (IMF)-related uncertainty largely behind and the MSCI-related rebalancing, the … Read more
KARACHI: As expected, the Pakistan stock market remained under pressure after the central bank increased the benchmark interest rate by 150 basis points against the general consensus of 100bps. Also, the news of the current account deficit deteriorating to $1.66 billion created further volatility in the market. “For the upcoming week, we expect the market … Read more
KARACHI: The Pakistan Stock Exchange (PSX) announced temporary changes in the duration for closing price determination and market timings, bourse filing said on Thursday. The temporary changes come in the context of reclassification of Pakistan from the MSCI Emerging Market Index to MSCI Frontier Market Index, it added. The ‘closing price’ of securities will be … Read more
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
LAHORE: PML-N President Shehbaz Sharif has expressed grave concern and alarm over Pakistan’s expulsion from the list of emerging markets (EM) on the Morgan Stanley Capital International’s indexes. In a statement, Shehbaz said this exclusion from the MSCI’s list was “deeply disturbing and worrying”. He said that this is indicative of the rapidly deteriorating economic … Read more
KARACHI: The MSCI has confirmed that it would downgrade Pakistan to Frontiers Market (FM) status with effect from December 1, 2021. “We forecast the downgrade will mean passive outflows from [the Emerging Market] EM trackers of $152 million; $110 million alone will come from Lucky Cement, Habib Bank and MCB Bank; the remaining $42 million … Read more
KARACHI: The equity market is expected to depict a mixed-to-positive trend next week, amid Financial Action Task Force’s (FATF) announcement to keep Pakistan on the grey list, and the sectors that got major relief in the budget will remain in the limelight. The outgoing week remained depressed, as investors’ were awaiting the outcome of the … Read more
KARACHI: In a recent development, Morgan Stanley Capital International (MSCI) has proposed to reclassify Pakistan into MSCI Frontier Markets from MSCI Emerging Markets, a statement said on Friday. “MSCI has been artificially maintaining Pakistan’s stature in [the] Emerging Markets since the country has been no longer meeting EM standards for size and liquidity criteria for … Read more
