MPCL Included in FTSE Global Equity Index Series
MPCL’s outstanding financial and operational performance over the years and particularly during the recent difficult time for E&P Industry worldwide has caught the eye of the world. MPCL has emerged as a blue-chip company at the stock exchange and its share price has soared to around Rs. 1,400.
In a recent development, FTSE (acronym for Financial Times and London Stock Exchange) has decided to include Mari Petroleum along with five other companies from Pakistan into its Global Equity Index Series (Asia Pacific excluding Japan) w.e.f March 20, 2017.
FTSE is a world renowned company that specializes in index calculation. FTSE indexes are extensively followed by investors world-wide for benchmarking investment portfolios, performance measurement, investment analysis, asset allocation, index tracking funds and structured products.
Inclusion of MPCL and other Pakistani companies is expected to attract significant new investment into the securities of these companies in particular and other securities listed on PSX in general.