KSE-100 ....

Pakistan Observer - - PAGE 07 -

with a hefty trade of 62 mil­lion shares to their credit, while Fauji Ce­ment and Hum TV net­work 14 mil­lion shares to their credit re­spec­tively.

It is a good sign that op­ti­mism pre­vail­ing on the street on prospects of Pak­istan’s re­clas­si­fi­ca­tion in the MSCI EM in­dex de­ci­sion to be an­nounced on ’June 14, 2016.

While Pak­istan’s case for up­grade has gar­nered at­ten­tion from in­ter­na­tional me­dia, ini­tial ex­cite­ment among lo­cal in­vestors has given way to ques­tions on pos­si­bil­ity to of ex­ten­sion in con­sul­ta­tion process and likely im­pact on the mar­ket.

It is be­lieved that Pak­istan stands a good chance for up­grade in EM mar­ket sta­tus. Hav­ing said that most of mar­ket per­for­mance is not di­rectly a re­sult of mar­ket ex­u­ber­ance on re-clas­si­fi­ca­tion theme.

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