The upcoming MSCI review and Pakistan’s reclassification as an emerging market has caused the KSE-100 Index to jump over 1,000 points in just about an hour on Monday.
By 1:15pm, the KSE-100 was up 1,001 points or 2.01pc to be around the 50,854-point level. Stocks that are part of the MSCI Pakistan Index took the leading position in bringing about this gain. The MSCI Pakistan Index taps the performance of the large and mid cap segments of the Pakistan market. With 16 constituents, the index covers approximately 85pc of the Pakistan equity market.
Engro Polymer led the volume with over 18 million shares traded on the bourse, followed by Aisha Steel and Bank of Punjab. A total of over 200 million shares have exchanged hands until now.
