Morgan Stanley puts HBL, PPL on its Pakistan Index

Tuesday, February 09, 2010, Safar 24, 1431 A.H

ISSN 1563-9479

Group Chairman: Mir Javed Rahman

Founded by: Mir Khalil-ur-Rahman

Editor-in-Chief: Mir Shakil-ur-Rahman


	WEEKLY SECTIONS

		News on Sunday
		You
		Health Body & Mind
		Technobytes
		Iqra
		Galaxy
		Tapestry
		Education-Zine
		Us
		Cyber@print
		Investor's J.
		Viewers' Forum
		Today's Cartoon
		Style
		Business & Finance Review
		Instep
		MAG Fashion
		Blog

FEATURES

	Opinion Archive
	Fashion Archive
	Magazine Archive
	Style Archive

FINANCE

	Currency Rates
	KSE Index
	Bullion Rates
	Prize Bonds




Share this story!

Morgan Stanley puts HBL, PPL on its Pakistan Index

Friday, August 14, 2009
By our correspondent

KARACHI: In its August 2009 quarterly index review, Morgan Stanley Capital International Barra (MSCI Barra) has added Habib Bank Limited (HBL) and Pak Petroleum (PPL) to the Pakistan Index with effect from August 31, 2009.

The inclusion would take the total number of constituents to 14 from 12 earlier. �Interestingly, when Pakistan Index was inducted into the MSCI Frontier Markets Index in May 2009, its weight in the Frontier Index was 2.98 per cent. However, as of Aug 12, 2009 the weight shrank to 2.41 per cent, which was due to Pakistan market�s underperformance relative to Frontier Market peers,� observed Farhan Rizvi at JS Research.

�We believe it would be interesting to see the weight of the Pakistan Index once HBL and PPL are formally inducted into the Index on Aug 31, 2009,� he added.

Moody�s downgrades HBL, UBL: In another development Moody�s has downgraded its ratings for Habib Bank Limited (HBL) and United Bank Limited, it was learnt.





Share this story!

Back | Send this story to Friend | Print Version

Web	www.thenews.com.pk