MSCI declines Emerging Markets status to Pakistan

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MSCI declines Emerging Markets status to Pakistan

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MSCI Inc has decided not to include Pakistan in the review list for potential Emerging Markets.

22 June,2011 02:28 pm

Index manager MSCI Inc will not include Pakistan Index in the review list for potential reclassification to Emerging Markets as part of 2012 Annual Market Classification Review, according to the results announced by MSCI 2011 Annual Classification Review. Every year in June, MSCI issues a list of the countries under review and announces the new list of countries, if any, under review for potential market reclassification in the upcoming cycle.After remaining as part of MSCI Emerging Market Index for 14 years from 1994 till 2008, Pakistan was classified as Frontier Market by MSCI after the infamous price floor rule affected the size and share liquidity.