Pakistan hit by 13% drop in capitalisation; HMB enters Frontier Index, SEARL exits
Brokerage house said HMB qualified for inclusion after meeting the required liquidity threshold KARACHI: The latest review by MSCI has shown a decline in Pakistan’s overall weight in the MSCI Frontier Markets Index. Pakistan’s share dropped to 4.8%, down from 5.8% in the previous review. Topline Securities attributed the decline primarily to a nearly 13%…