MSCI Likely to Add 6 More PSX Companies to its Indices This Month

Morgan Stanley Capital International (MSCI) is expected to add 6 more stocks from the Pakistan Stock Exchange (PSX) to its indices this month. In the upcoming MSCI review scheduled for 11th February 2025, some key changes are anticipated for Pakistan’s representation in the MSCI Frontier Markets (FM) Index, Arif Habib Limited said in a review. According to the latest criteria outlined in the MSCI report from August 2024, a company with an ordinary share market capitalization of USD 168 million and a free float market capitalization of USD 69 million will be included in the MSCI Frontier Markets Index. These changes are expected to take effect on 3rd March 2025. The brokerage house anticipates that six stocks will be added to the MSCI FM Index, which are Cherat Cement Company Limited (CHCC), Attock Refinery Limited (ATRL), D.G. Khan Cement Company Limited (DGKC), The Searle Company Limited (SEARL), Pioneer Cement Limited (PIOC), and Air Link Communication Limited (AIRLINK). The brokerage house does not expect any deletion in the upcoming MSCI Frontier Markets (FM) Index review. After these adjustments, the total number of Pakistani constituents in the MSCI FM Index is expected to increase to 27 from 21 in the upcoming MSCI review. Consequently, Pakistan’s weight in the MSCI FM Index will rise from 4.4 percent to around 6.9 percent.