Morgan Stanley Capital International ( MSCI) has made a change in the MSCI Frontier Market Index as it is part of the company’s regular update cycle.
The companies that would be removed from the MSCI Frontier Market Index is Delta Holdings from Morocco, Saham Assurance from Morocco, Commercial Bank Ceylon from Sri Lanka, Khaleeji Commercial Bank from Bahrain, International Breweries, Oando PLC, Total Nigeria all from Nigeria respectively and Oman Flour Mills from Oman.
In addition to the companies being removed from the index are Al Arafah Islamic Bank, BSRM Steels, Islamic Bank Bangladesh, One Bank, Padma Oil Company all from Bangladesh respectively, Barclays Bank of Kenya, Cooperative Bank of Kenya, Poulina Group Holdings from Tunisia and Hoang Anh Gia Lai from Vietnam.
The companies being added to the MSCI Frontier Markets Index include; High Tech Payment Systems from Morocco, Jordan Islamic Bank from Jordan, Aviation Lease and Finance Company, Boubyan Petrochemicals both from Kuwait, Dangote Flour Mills, Ecobank Transnational,FBN holdings all from Nigeria, Ominvest from Oman, NATL Life Insurance, Singer Bangladesh both from Bangladesh, Petrokemija from Croatia, KCB Group from Kenya and Aerodrom Nikola Tesla from Serbia.
The update will take place as of the close of November 26th 2019.