MSCI adds Attock Refinery to its Pakistan Index

MSCI has added Attock Refinery Limited (ATRL) to its MSCI Pakistan Index in the November 2026 Frontier Markets review, Business Recorder reported. The change was announced on November 11 and is due to take effect after trading on November 30, 2026. ATRL qualified with a free-float-adjusted market value of USD168 million at October’s end, above the USD116 million minimum.

The addition takes the Pakistan Index’s constituent count to 30, while Pakistan’s share of the broader MSCI Frontier Markets Index slipped to 4.98 percent from 5.2 percent in August. Pakistan Oxygen Limited and Flying Cement were removed from the Frontier Markets Small Cap Index. The review analysis attributed Pakistan’s lower weighting to faster growth in the combined market value of other index constituents; the KSE-100 fell 5.5 percent over the review period.