In its semi-annual review Index Review (SAIR), Morgan Stanley Capital Index (MSCI) has increased Pakistan’s weight to 0.023% as compared to 0.016% previously.

Moreover, for Small Cap Index, Pakistan’s weightage has been increased to 0.379%.

In the MSCI Global Standard Index, Oil and Gas Development Company (OGDC) has been removed while Lucky Cement has been included. After the review, the scrips include MCB Bank (MCB), Habib Bank Limited (HBL), and Lucky Cement (LUCK).

During the review, four scrips have been deleted in the MSCI Global Small Cap Index which are Indus Motors (INDU), Lucky Cement (LUCK), National Bank of Pakistan (NBP) and Packages Limited (PKGS) while TRG Pakistan (TRG) has been added.

The changes of this review will be applicable from 28th of May-2021. As TRG Pakistan has been added in the MSCI index, we may witness foreign inflows in the stock as Portfolio Managers re-balance their stocks.

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