Pakistan wins big from return to MSCI EM status

Happy market
By John Loh
16 Jun 2016

China may have grabbed the spotlight after its MSCI review this week but Pakistan was the real winner with its upgrade to emerging market status. Bankers expect the move will light a fire under equity capital markets and give a big boost to IPOs, especially in sectors like infrastructure. John Loh reports.

Pakistan rejoined the big league on Wednesday when it was put back into MSCI’s EM indices after a seven year hiatus. The local market cheered the decision, sending the benchmark KSE100 index to a record high. The index has soared 18% this year to Thursday, making it ...

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