Stock Market Round up

Byline: SHABBIR H. KAZMI In its Semi-Annual Index Review, Morgan Stanley Capital International (MSCI), a leading provider of benchmark indices deleted Kot Addu Power Company (KAPCO) from its Frontier Market Index while no new company has been added. Therefore, Pakistan's weight in the index has been reduced to 3.66% from 3.76% earlier. The scrips currently forming part of the MSCI Pakistan Index include OGDC, PPL, POL, PSO, MCB, NBP, HBL, UBL, FFC, ENGRO, PTC and HUBC. MSCI has also announced the results of the initial construction of the MSCI Frontier Markets Small Cap Indices where 13 Pakistan stocks have been included in the index. The details of weights have not yet been made available, Pakistan ranks 3rd in terms of the number of stocks included in the small cap indices.