In a significant development for Pakistan’s equity market, Morgan Stanley Capital International (MSCI) has included three Pakistani cement companies in its Frontier Market Index, according to its latest May 2025 review.
The move indicates growing interest from global investors in Pakistan’s equity market, as companies from the country increasingly gain visibility on international investment radars.
According to the MSCI review, the total number of Pakistani companies in the Frontier Market Index has now risen to 26. Additionally, four companies from Pakistan have secured a spot in the Frontier Market Small Cap Index. However, two Pakistani firms were also removed from the small-cap segment during this revision.
The MSCI indices are closely watched by global financial institutions and foreign investors, who use them as benchmarks for investment decisions in emerging and frontier markets.
