Is bourse on way to MSCI EM status?

Pakistan Stock Exchange (PSX) is gaining significant attention these days from investors, analysts, critics, policymakers, and onlookers alike. While pessimists continue to dismiss the rally as speculative, conspiracy-driven, and manipulated by a few big players serving particular vested interests, those who look deeper understand the financial reasons behind the uptick; despite the ascent being rapid and steep. One potential impact of this rally, which will soon be heavily discussed, is Pakistan's potential entry into the MSCI Emerging Market Index. MSCI is a global provider of investment-related analytics and tools for global capital allocators to make sound investment decisions. Among its indices, or lists of top companies based on certain qualitative and quantitative methodologies, the three most prominent are the MSCI Developed Market, MSCI Emerging Market, and MSCI Frontier Market.