MSCI is a leading provider of international investment decision support tools. MSCI announced last year that Pakistan was on its list for possible reclassification in view of improvements in transparency and liquidity.
Recently, According to Bloomberg News, the benchmark index of the Pakistan Stock Exchange has gained already 15% this year, making it the best performer in Asia. “The gauge has climbed 4.2% this month, compared with a 0.4% fall in the MSCI Emerging Markets Index,” it said on Tuesday.
MSCI made Pakistan a part of the Frontier Markets Index in May 2009 and it has remained as such since then.
Source: The Express Tribune