Skip to main content

📰 MSCI ousts Russia from Emerging Market Index.

MSCI to Reclassify the MSCI Russia Indexes from Emerging Markets to Standalone Markets Status. The decision will be implemented on 9 Mar 2022. Press Release

Russia was 2.3% of MSCI Emerging markets index. China, Taiwan, India and Korea will benefit the most with Russia ouster.

"The inflow in India as per current EM market-cap could be $600mn which will mainly get distributed in index heavy weights like RIL, INFO, HDFC, ICICIBC and TCS," said Edelweiss Alternative Research. ReadMore









Popular posts from this blog

Brent Crude Logs Biggest Weekly Drop Since September on Weak Demand, Easing Tensions

Oil prices were under pressure this week. Brent crude oil futures fell 1.9% to $73 per barrel on Friday, registering the biggest weekly loss since early September, with prices dropping over 7%. The decline was attributed to weaker demand forecasts from OPEC and the International Energy Agency (IEA), slowing economic growth in China, and signs of easing geopolitical tensions in the Middle East. Both OPEC and the IEA revised down their demand forecasts for 2024 and 2025. China's refinery output declined for the sixth consecutive month, impacted by weak fuel demand and the growing adoption of electric vehicles (EVs). Meanwhile, U.S. crude oil production reached a new record last week. Although a drawdown in U.S. crude inventories and stronger-than-expected retail sales in September provided some support to oil prices, easing concerns about a broader conflict in the Middle East exerted additional downward pressure on the market.
Read more
 A Snapshot of Exchange Traded Funds at PSX
Read more

PSX Strongly Rebounds

The Pakistan Stock Exchange (PSX) reacted positively to the conclusion of the IMF staff-level agreement and has now recovered a substantial part of the losses sustained on Monday. Today, out of the 1,139-point gain in the KSE-100 Index, around 800 points were contributed by UBL, OGDC, PPL, and Meezan Bank.
Read more