Pakistan, Feb. 14 -- In a positive development, Morgan Stanley Capital International (MSCI) Inc., in its results of the February 2024 index review, announced the addition of 22 Pakistani companies as constituents on its Frontier Market (FM) Index and FM Small Cap Indexes.

The changes will take place as of close on February 29, 2024, it said.

MSCI added three Pakistani companies on its Frontier Market Index. The list features Bank Al Habib Limited, Interloop Limited, and Sui North Gas Pipelines Limited (SNGPL).

In the MSCI FM Small Cap indexes, 19 Pakistani companies have been added, stated MSCI in the note.

This includes, Adamjee Insurance Company, Agritech Limited, Aisha Steel Mills, Askari Bank Limited, Century Paper & Board, Feroze...