MSCI Adds 8 PSX Companies to Its Indices, Removes One

Investment research firm and stock markets index provider Morgan Stanley Capital International (MSCI) has added 8 Pakistani-listed companies to its indices. Citi Pharma, Crescent Steel & Allied, Fast Cables, Flying Cement, Pakistan Oxygen, Shifa International Hospitals, Thatta Cement, and TRG Pakistan have been added to the MSCI Frontier Market Small Cap Index. TRG Pakistan was switched from the FM Index and placed on the FM Small Cap Index. Fauji Fertilizer Bin Qasim Limited (PSX: FFBL) has been removed. No new stocks were added to the standard index, but the MSCI Pakistan Index’s weight likely increased to 4.86 percent because of strong price performances as the KSE100 Index was up 18 percent since the last review in August 2024, according to BMA Associates. All changes will be made permanent on November 25.