September 23, 2023
Finance Pakistan

Engro Added To MSCI FM Pakistan Index

In its delinquent Quarterly Index Review (QIR), the MSCI has declared openly differences in the members of its international indices, which will be adequate from February 28, 2023.

OGDC has maintained its status in the MSCI FM Pakistan index whereas LUCK has been disseminated to the MSCI FM Pakistan Small Cap Index. In acquisition, Engro has been put in to the MSCI FM Pakistan Index.

Pakistan’s significance in the MSCI FM Index is at 0.68 percent.

The MSCI also declared openly other differences in the MSCI Small Cap index whereby SEARL has been deleted from the index.

Small index stocks comprise HUBC, LUCK, SYS, FFC, UBL, MCB, MTL, TRG, MARI, EFERT, HBL, POL, PSO, PPL, BAFL, EPCL, and INDU.

“Overall, the review is expected to be neutral for the market”, Tahir Abbas, senior analyst at Arif Habib Limited said.

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