Among sectors, the BFSI sector can throw up a positive surprise for the investors in terms of performance and the ensuing guidance
The decision has been expected since Pakistan started falling below the MSCI's criteria in terms of size and liquidity after its promotion to an emerging market in 2017
Emerging-market stocks, once the barometer for optimism on global growth, have given up a 12 per cent advance since February
Investors' risk appetite got a boost after Joe Biden's US presidential win and successes in vaccine development, pushing the benchmark MSCI gauge toward its best month since March 2016
Equity analysts have boosted the average profit forecast for companies in the MSCI Emerging Markets Index by 12.1 per cent in dollar terms since a low on June 1
The MSCI EM index has gained as much as 9 per cent since October 1, only to give up some of its gains over the past few sessions
Analysts estimate MSCI's decision on Saudi Arabia will lead to billions of dollars from money managers worldwide