FTSE Russell downgraded Pakistan's stock market to frontier market on 23 Sept due to failing securities count.
FTSE Russell downgraded Pakistan's stock market from secondary emerging to frontier market on September 23 due to failing to meet minimum securities count requirements. The downgrade could result in millions of dollars in outflows. Despite this, Pakistan's equities have been Asia's best performers in dollar terms this year, rising over 30%. Investors remain optimistic about the long-term impact of IMF funding.
July 04, 2024
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