MSCI Inc announced the results of its Annual Review overnight where the key takeaways from Pakistan’s vantage point were mostly negative.
Pakistan failed to get a mention, despite MSCI having invited feedback on Pakistan’s case for an upgrade in last year’s review.
UAE and Qatar upgrade (and expected weight-age gains for Pakistan) failed to materialize, while MSCI highlighted the possibility of Morocco and Saudi Arabia being included in MSCI FM in future, which would dilute Pakistan’s current weight of 4.4% in MSCI FM.
In what could be termed as a sole positive, MSCI stated that it could consider consulting investors on excluding Argentina from MSCI FM, which would yield nominal weight-age gains (~0.15%) for Pakistan.
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