Two BD cos in top 10 of MSCI Frontier Asia Index

FE Online Report | Published: July 12, 2017 09:37:46 | Updated: October 22, 2017 13:49:37

Two Bangladeshi listed companies were included in the list of top 10 constituents of the MSCI Frontier Markets Asia Index in June this year.

These two companies are: Square Pharmaceuticals which occupies 10.14 per cent weight of the index and Grameenphone which occupies 2.92 per cent of the index.

The FM Asia Index captures large and medium capital representation across three Asian Markets countries-Bangladesh, Sri Lanka and Vietnam. 

The index, created by Morgan Stanley Capital International (MSCI), includes 22 constituents or listed companies covering about 85 per cent of the free float-adjusted market capitalisation in each country.

The latest monthly update of the index also showed that share of Bangladesh in the index stands at 17.43 per cent while the share of Vietnam is 71.45 per cent and 11.12 per cent.

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