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Morgan Stanley Capital International (MSCI) is anticipated to expand its global Frontier Market (FM) index to include four additional Pakistani companies in its upcoming Quarterly Index Review (QIR) next month. This expected inclusion, driven by a rise in share prices, is likely to attract significant foreign investment, given the index’s influence on global investment decisions. The four companies projected for …

In July 2024, Pakistan’s cement industry witnessed a decline in overall sales, with a notable drop of 6.81% compared to the same month last year. Cement sales for July 2024 amounted to 3.010 million tons, down from 3.230 million tons in July 2023, according to data from the All Pakistan Cement Manufacturers Association (APCMA). Local cement sales experienced a significant …

The Pakistan Stock Exchange (PSX) experienced notable volatility in the past week, with the KSE-100 index fluctuating between red and green zones before closing with a modest gain of nearly 200 points. This oscillation in the market was primarily driven by mixed investor sentiment influenced by political uncertainty, policy rate adjustments, global rating decisions, and improving economic indicators. A key …