-- Pakistan was lowered to frontier market status from secondary emerging market by FTSE Russell, dealing a blow to the nation’s equities and potentially driving millions of dollars in outflows.US Allies Say China Is Developing Attack Drones for RussiaThe South Asian country’s market failed to meet the minimum securities count requirement for retaining its current status, the index compiler said in a statement Wednesday. The decision comes into effect on September 23, it added.
Debt concerns and political turmoil have caused volatility in the nation’s stocks over the years, eroding market capitalization. Pakistan lost its emerging-market status at MSCI Inc. in 2021, just four years after it was upgraded, due to its shrinking market size and liquidity. Nancy Pelosi disclosed stock market trades made by her husband. He loaded up on AI plays like Nvidia and sold Tesla.
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