KSE-100 extends losses By: News Desk on September 8, 2021As Morgan Stanley Capital International (MSCI) reclassified Pakistan from its position as an Emerging Market (EM) to the Frontier Markets (FM) Index on Wednesday, the KSE-100 Index lost further 333 points in value. After falling 333.25 points or 0.71 percent to 46,396.71, the KSE-100 closed near its end-of-day price. The market has been pressured by […]
MSCI reclassifies Pakistan to frontier markets By: Web Desk on September 8, 2021Pakistan has been reclassified to a frontier market by index provider MSCI Inc., four years after it was upgraded to an emerging market. According to a statement from MSCI, “Although the Pakistani equity market meets the requirements for Market Accessibility under the classification framework for Emerging Markets, it no longer meets the standards for Size […]
The KSE-100 ends below 47,000 points yet again By: Our Correspondent on September 4, 2021 The benchmark KSE-100 Index closed flat on Friday, failing to maintain early-morning advances, as volumes dropped significantly in another tumultuous day at the Pakistan Stock Exchange (PSX). The KSE-100 closed the day with a small gain of 54.41 points, or 0.12 percent, to settle at 46,957.47. Investors stayed away due to geopolitical uncertainty, a […]