Pakistan risks exclusion from MSCI emerging markets index

Morgan Stanley Capital International (MSCI) may drop Pakistan from its emerging markets index next year if its blue-chips continue to derogate from the required free-float standards. None of the existing five companies, HBL, OGDC, MCB, UBL and Lucky Cement that are part of the standard MSCI EM index meet the market cap requirement as per 11th Oct’18(Wednesday’s) closing. The country’s status will be reviewed in the annual MSCI review in May/Jun’19.