KARACHI: Morgan Stanley Capital International (MSCI) has upgraded the status of Pakistan Stock Exchange (PSX) from Frontier Market to Emerging Market.
MSCI Inc. is an American provider of equity, fixed income, hedge fund stock market indexes, and equity portfolio analysis tools.
According to a notification, the MSCI Pakistan Indexes will fully converge with the MSCI Provisional Pakistan Indexes, effective June 1, 2017.
Pakistan has achieved the status after a gap of nine years.
The upgradation will open the doors of Pakistan Stock Exchange to international investors.