Grading of Pakistani stocks in Morgan Stanley Index

The Pakistani stock market rating in the Morgan Stanley Composite Index has been downgraded from Emerging to Frontier Markets.

 The statement said that Pakistani companies were not meeting the volume and liquidity requirements of the index.

Opposition leader Shahbaz Sharif has said that it is unfortunate that Pakistan’s name has been removed from the list of emerging economies.

READ MORE STORIES  Plan to attack Iran is in full swing, says Israeli army chief