Pak's emerging market status in jeopardy over worst sell-off in a decade

Habib Bank Ltd., one of the three stocks in the MSCI's Pakistan gauge, now has a market capitalisation below $1.6 billion

International News: Pakistan's consideration in the MSCI Inc's. developing business sector lists has gone under a cloud as the country's stocks fall beneath the market-estimate edge.
The South Asian country, which got advanced from a boondocks country in June 2017, has eradicated about $44 billion of value an incentive from that point forward. That has limited its weight in the MSCI Emerging Markets Index to simply over 3 premise focuses, lower than the 8 premise focuses Morocco and Jordan had when they were minimized, as per EFG-Hermes Holding.
That is not all: Habib Bank Ltd., one of the three stocks in the MSCI's Pakistan check, presently has a market capitalization beneath $1.6 billion. The MSCI ordinarily requires no less than three stocks to stay over that dimension for a nation to keep up the developing business sector status. Additionally, none of the three stocks satisfies the free-drift prerequisite.Read More

Business Standard