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Published 1 month ago

Pakistan retains secondary emerging markets status in FTSE review

Summary by ARY News
Pakistan retained its “secondary emerging markets” status for the next six months in FTSE Russell’s first 2024 review, ARY News reported. However, the global index provider said that the country faced the risk of demotion as its index weight declined over the past few years. According to a Bloomberg report, the market capitalisation of Pakistan clocked in at $100 billion in 2017 which declined to $21 billion in 2024. However, it said that the de…

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Pakistan retains secondary emerging markets status in FTSE review

Pakistan retained its “secondary emerging markets” status for the next six months in FTSE Russell’s first 2024 review, ARY News reported. However, the global index provider said that the country faced the risk of demotion as its index weight declined over the past few years. According to a Bloomberg report, the market capitalisation of Pakistan clocked in at $100 billion in 2017 which declined to $21 billion in 2024. However, it said that the de…

1 month ago·Pakistan
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