Pakistan's stock exchange is lobbying to get back in the MSCI Emerging Markets Index so it can vastly expand its pool of potential investors, says its Chairman, Muneer Kamal, adding he is "reasonably confident" it will be restored when a decision is made in late 2008; Pakistan was dropped from the index in 2008 and classified as a higher-risk frontier market after the Karachi Stock Exchange was temporarily closed in June to prevent investors from withdrawing funds.
Pakistan's stock exchange is lobbying to get back in the MSCI Emerging Markets Index so it can vastly expand its pool of potential investors, says its Chairman, Muneer Kamal, adding he is "reasonably confident" it will be restored when a decision is made in June; Pakistan was dropped from the index in 2008 and classified as a higher-risk frontier market after the Karachi Stock Exchange was temporarily closed in late 2008 to prevent investors from withdrawing funds.