PSX included in MSCI EM Index

PSX included in MSCI EM Index
Shares

KARACHI, June 15 (APP): PSX included in MSCI EM Index

 

Pakistan Stock Exchange (PSX) witnessed highly  bullish trend on Wednesday following the announcement that PSX would be included in Morgan Stanley Capital International (MSCI) Emerging Market  (EM) Index.

 

The benchmark KSE-100 index increased by 1042.13 points and closed at  record level of 38,559.88 points after crossing 10 psychological barriers  in one day.

 

While KSE-30 Index also recorded 770.86 points increase and closed at  22156.24 points.

 

Moreover, KSE-All Index surged by 540.61 points.

 

Similarly, tradable banks index rose by 589.66 points and closed at  15712.23 points, while oil and gas gradable index recorded increase of 378.59 points and closed at 15900.05 points.

 

All Shares Islamic Index increased by 315.30 points and closed at  17987.39.

 

The shares of total 348 companies were traded in the market on  Wednesday, in which share price of 204 companies went up while share  price of 120 companies recorded fall and share price of 24 companies remained unchanged.

 

Meanwhile, J S Global Company's Chief Executive Officer Kamran  Nasir has welcomed the announcement by MSCI for the inclusion of PSX in  EM.

 

Talking to APP, he said that this development will not only  increase foreign investment but also further improve Pakistan's soft  image globally.

 

He said Pakistan is moving on the path of development due to  effective economic policies by the present government.

 

 

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