NEW YORK: Pakistan has attained another in Pakistani stock market’s crown and gains a new economic scenario as Morgan & Stanley Capital International (MSCI) has included seven Pakistani companies in two of its prominent indices.
This update brings the total number of Pakistani companies listed in MSCI indices to 82, reflecting the growing presence of Pakistan in global financial markets.
According to experts, this inclusion is expected to boost foreign investment in the Pakistani capital market, offering increased opportunities for growth. MSCI’s latest rankings were released after their quarterly review, showcasing 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. Additionally, six Pakistani companies have been included in the Small Cap Index, although the oil and gas sector company, Hiscoll, has been excluded from the same index.
MSCI is a key player in global investments, with 95 out of the world’s 100 largest investment institutions being its clients. The inclusion of Pakistani companies in these indices is expected to draw more attention from major global investors, further integrating Pakistan into the international financial landscape.
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