KARACHI: In its Feb 2014 quarterly review, Pakistan’s weight in the MSCI Frontier Market (FM) Index has decreased slightly to 3.87 per cent from 3.94pc previously.

However, the distribution of all 12 Pakistani stocks included in MSCI FM remains unchanged.

Pakistani stocks in the MSCI FM index include OGDC, POL, PPL, MCB, UBL, NBP, HBL, PPL, Engro, Hubco, PTC, HBL, and Fatima Fertiliser.

In the MSCI Small Cap index, Pakistan’s weightage has increased to 5.07pc, from 4.82pc previously, although all 14 constituents remain unchanged.

Farrukh Khan at KASB Securities believes that Pakistan’s weight in MSCI FM would rise to 5.82pc after the upgrade of UAE and Qatar to MSCI EM in the next review, scheduled for May 14, 2014.

The changed weightage would take effect from June 2, 2014. “Frontier fund inflows to Pakistan are expected to improve as we approach that date”, analyst Farrukh Khan stated.

He observed that the Frontier markets had a great run in the last 14 months, significantly outperforming their emerging market counterparts.