Pakistan’s weight rises in MSCI Frontier Index

Pakistan’s weight has increased in the MSCI Frontier Index as Trinidad and Tobago was ousted from the index in the quarterly index review.

The country’s weight rose to four per cent from 3.79 per cent in the latest quarterly index review announced late on Monday.

Pakistan, with the sixth highest weight in the index, is the highest weighted among Asian countries that include Sri Lanka, Bangladesh and Vietnam.
The Karachi Stock Exchange imposed emergency trading limits to halt a slide in stocks that sent the benchmark index down 42 percent in 2008 within a couple of months.

From: Tribune