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Asia’s Best-Performing Stocks May Get Lift With MSCI Move

  • Pakistan upgraded to emerging market from frontier status
  • Karachi Stock Exchange KSE100 Index has rallied 14% in 2016
Karachi, Pakistan.
Photographer: Martin Roemers/Panos
Updated on

Pakistan’s stock market, which has risen the most in Asia this year, could be in for an additional boost after MSCI Inc. said it will include the nation’s equities in its benchmark emerging-market index for the first time since 2008.

The index provider said the MSCI Pakistan Index will be reclassified to emerging-market status, coinciding with its May 2017 semi-annual index review. EFG Hermes said last month that an upgrade could lure around $475 million of inflows by the middle of next year. The country’s benchmark index rallied the most in five weeks before MSCI’s decision late Tuesday in New York.