Investment research firm and stock market index provider Morgan Stanley Capital International (MSCI) has announced the addition of eight Pakistani-listed companies to its indices, marking a significant development for the country’s financial market.

The companies added to the MSCI Frontier Market Small Cap Index include Citi Pharma, Crescent Steel & Allied, Fast Cables, Flying Cement, Pakistan Oxygen, Shifa International Hospitals, Thatta Cement, and TRG Pakistan. This inclusion reflects the growing recognition of these companies in the global investment landscape.

In a notable change, TRG Pakistan has been moved from the Frontier Market (FM) Index to the FM Small Cap Index. Meanwhile, Fauji Fertilizer Bin Qasim Limited (PSX: FFBL) has been removed from the index.

While no new stocks were added to the standard index, the MSCI Pakistan Index’s weight is expected to increase to 4.86 percent. This adjustment is attributed to strong price performances, with the KSE100 Index rising by 18 percent since the last review in August 2024, as reported by BMA Associates.

These changes will take effect on November 25, solidifying the position of these companies within the MSCI indices and potentially attracting more international investment to Pakistan’s stock market.