Tag Archives: Losses after MSCI downgrades PSX

KARACHI: Investors’ fears of stock meltdown materialised as the KSE-100 index sank 333 points, or 0.71 per cent, to close at 46,397 on Wednesday. According to schedule, MSCI, the global index provider, announced its decision on Tuesday night, reclassifying Pakistan to Frontier Market (FM) from the Emerging Market (EM) from Dec 1. That ended the Pakistani market’s four-year stint in …

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