Tag Archives: Stocks plunge as MSCI lowers Pakistan weight

KARACHI: The benchmark index of the Pakistan Stock Exchange took a beating on Friday on account of a falling rupee as well as the announcement of a lower-than-expected weight for Pakistan in the MSCI Fron­tier Market Large Cap Index. According to Topline Securities, Pakistan’s weight in the MSCI Frontier Market Index will be 1.25 per cent as opposed to the …

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