MSCI adds ATRL, drops FLYNG, PAKOXY in November review

MSCI’s November review will add Attock Refinery Limited to its Frontier Markets Index and remove Flying Cement Company and Pakistan Oxygen from the Frontier Markets Small Cap Index. Mettis Global reported that the changes were announced on November 11 and are scheduled to take effect after trading on November 30, 2026.

For Pakistan, the review means one additional constituent in the main index and two fewer in the Small Cap segment, with no Pakistani additions to the latter. MSCI used market data dated October 20, 2026, and said it could adjust the results for relevant corporate events or other circumstances before implementation. Changes elsewhere were more extensive, particularly in Bangladesh, which accounted for most Small Cap additions.