MSCI plays a vital role in global investments, and in a significant move for the Pakistani stock market, Morgan Stanley Capital International (MSCI) has added seven Pakistani companies to two of its prominent indices.
This update raises the total number of Pakistani companies listed in MSCI indices to 82, highlighting Pakistan’s growing presence in global financial markets.
Experts anticipate that this inclusion will enhance foreign investment in the Pakistani capital market, creating more growth opportunities. The latest MSCI rankings, released following their quarterly review, reflect the performance of various sectors in Pakistan.
Notably, the favorable engineering sector within the auto industry has been added to MSCI’s Main Frontier Market Index. Meanwhile, six Pakistani companies have been included in the Small Cap Index, though the oil and gas sector company, Hiscoll, has been excluded.
With 95 of the world’s 100 largest investment institutions as clients, MSCI’s inclusion of these Pakistani companies is expected to attract greater attention from major global investors, further integrating Pakistan into the international financial landscape.
