Pakistan stocks drop on eve of MSCI inclusion

On its last day of trading before being upgraded to emerging market status, Pakistan experienced a frenzy of trading — and an unexpected fall in prices.
May 31, 2017

Pakistan’s stock market dropped on Wednesday, defying expectations of a market rally the day before the country was due to be included in the MSCI Emerging Markets Index. The market closed down 1.67% on the day, but late selling continued in the aftermarket.

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