13 April 2016

Index provider MSCI announced changes in constituents of its global indices late on Tuesday. All the three stocks, including Oil and Gas Development Company (OGDC), MCB and HBL retained their positions in the MSCI standard index. Saad Hashmi, executive director at BMA Capital said the decision was based on the MSCI’s index continuity rules with alone OGDCL meeting the full market capitalisation criteria.”The situation is extraordinary,” Hashmi said.

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