MSCI adds to its Pakistan Indices: Good news for PSX investors. Morgan Stanley Capital International (MSCI)  has announced in its August 2024 index review inclusion of  SEVEN PSX listed  companies in its constituents of the Frontier Market (FM) Index and FM Small Cap Indexes.

These changes will take effect after the close of trading on August 30, 2024.

In its Frontier Market Index, MSCI added  Sazgar Engineering (PSX:SAZEW) from Auto sector, that had remarkable growth. Its one year price return is over  1300%.

In the MSCI FM Small Cap indexes, 6 PSX listed companies have been added, namely:

Atlas Battery (ATBA)

Ghandhara Automobiles (GAL), 

Habib Sugar Mills (HABSM), 

Lotte Chemical Pakistan (LOTCHEM),

Octopus Digital (OCTOPUS), and 

Soneri Bank (SNBL)

TWO companies have been deleted from the MSCI FM Small Cap indexes.  HASCOL Patroleum (HASCOL) and Sazgar Engineering Works (SAZEW). Sazgar has found its way to the Frontier Market Index.

This is the note on MSCI methodology.