PakStox Outlook

MSCI adds to its Pakistan Indices: Good news for PSX investors. Morgan Stanley Capital International (MSCI)  has announced in its August 2024 index review inclusion of  SEVEN PSX listed  companies in its constituents of the Frontier Market (FM) Index and FM Small Cap Indexes.

The MSCI Pakistan Index (USD) is designed to track the performance of large and mid-cap segments within the Pakistan market. Comprising 21 constituents, this index covers approximately 85% of the Pakistan equity universe. It provides a comprehensive overview of the market's key players. For detailed information on the index's methodology, please refer to the official MSCI Index methodology. The Price to book of Pakistan is half that of MSCI Emerging Markets. https://www.msci.com/documents/10199/4e300cf1-78ba-409a-ba9c-68092c928396 Cumulative price returns of the MSCI Pakistan Index (USD) from July 2009 to July 2024  

Lucky Cement Limited (PSX: LUCK) has released its annual financial results for the year ending June 30, 2024. The company achieved a net income of Rs. 95.9 per share and declared a total cash dividend of Rs. 15 per share, reflecting its robust performance throughout the year.