Introduction:
Yesterday, We told you that the stock market of Pakistan (PSX-100) has been going in a downhill by a 1000 point Due to The Ongoing general elections in Pakistan.As we know that the result of the general elections has been delaying and is debatable.
Today,The General elections result has been mostly decided and the political condition of pakistan is recovering, Thr stock market also got a positive boost and was increased a 1,000 points.
The benchmark KSE-100 index gained 1,040.65 points or 1.70% to reach 62,267.57 points during the intraday trading, up from yesterday's close of 61,226.93 points.
MSCI includes PSX to frontier market index
The stock market also received a boost as MSCI on Tuesday announced the inclusion of 22 Pakistani companies in its Frontier Market and Small Cap indexes, effective from February 29.
The global index provider added three Pakistani firms — Bank Al Habib Ltd, Interloop Ltd and Sui North Gas Pipelines Ltd — to its Frontier Market Index, which tracks the performance of equity markets in 28 countries.
Meanwhile, 19 Pakistani companies including PSX were added to the MSCI Frontier Market Small Cap Index, which covers about 14% of the free float-adjusted market capitalisation of the Frontier Market Index.
"After this review, Pakistan’s weight in the Index is expected to be around 3%," the brokerage said. "Due to this adjustment, we anticipate some net flows, although the quantum will not be significant." it added.
Conclusion:
The Pakistani Stock has been Going throughout major Ups and downs due to The Political State of The Beloved Country.We Hope that we always see a good and an optimistic change in the Stock Changes Of Pakistan.
0 Comments