Proactive news headlines including Davenport Resources, EcoGraf, Core Lithium, Aurumin and Fe Limited
May 14, 2021 04:04 ET | Source: Proactive Investors Proactive Investors London, UNITED KINGDOM
Sydney, May 14, 2021 (GLOBE NEWSWIRE) Proactive, provider of real-time news and video interviews on growth companies listed in Australia, has covered the following companies:
Davenport Resources Ltd (ASX:DAV) (FRA:D86) has officially changed the company’s name to South Harz Potash Ltd (ASX:SHP) following shareholder approval at the 4th May 2021 general meeting. Click here
Tempus Resources Ltd (ASX:TMR) (CVE:TMRR) (OTCMKTS:TMRFF) (FRA:4W0) has closed a non-brokered private placement to raise A$1.9 million for boosting gold exploration. Click here
TodayIR: Newborn Town Inc. (9911.HK) to be added to MSCI China Small Cap Index DJ EQS-News: Newborn Town Inc. (9911.HK) to be added to MSCI China Small Cap Index EQS-News / 14/05/2021 / 10:31 UTC+8 Newborn Town Inc. (9911.HK) to be added to MSCI China Small Cap Index Recently, MSCI Inc. (formerly named as Morgan Stanley Capital International) has announced the semi-annual index review for the MSCI Global Small Cap Indexes. Newborn Town Inc. (9911.HK), the Chinese leading internet company focusing on online social networking business, will be added to MSCI China Small Cap Index, being implemented as of the close of May 27, 2021. Before that, Newborn Town Inc. has been added to FTSE Global Microcap Index.
MSCI upgrades Pakistan’s weight in index
Business
May 13, 2021
KARACHI: The Morgan Stanley Capital International (MSCI) announced outcome of its semi-annual review whereby Pakistan now has a weight of 0.023 percent as compared to 0.016 percent previously.
Additionally, Pakistan’s weight in the small cap index has been revised to 0.379 percent. Pertinently, the changes will become effective from 28th May 2021.
Lucky Cement has been added to the MSCI Pakistan Index under MSCI Global Standard Indexes while Oil and Gas Development Company has been removed from it. The new constituents are MCB Bank, Habib Bank and Lucky Cement.
Under the MSCI Global Small Cap Indexes, TRG Pakistan has been added while Indus Motors, Lucky Cement, National Bank of Pakistan and Packages Limited have been removed. “We estimate inflows in the LUCK to the tune of $39.65 million (6.89 million shares at last closing price) while we estimate outflows in OGDC to clock in at $16.69 million (27.48 milli
Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities
MSCI decision to fuel inflows at PSX
Research firm upgrades Lucky Cement, adds TRG Pakistan in global indexes
As per the latest MSCI decision, Pakistan’s weight in MSCI Global Standard Indexes has improved to 0.023% compared to 0.016% earlier. PHOTO: FILE
KARACHI:
Morgan Stanley Capital International (MSCI) - which provides research-based indexes and analytics to global stock market investors - has conducted a semi-annual review to recompose its global indexes on Wednesday.
Accordingly, it has upgraded one Pakistani company to its emerging markets MSCI Global Standard Indexes from its MSCI Global Small Cap Indexes. Besides, it has added one new company from the country to its small cap indexes and deleted four companies in total from the two indexes, according to results of the May 2021 Semi-Annual Index Review.