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.
