MSCI Pakistan Index will be reclassified to Emerging Markets status, coinciding with the May 2017
Semi-Annual Index Review, according to an MSCI press release on June 14, 2016. Emerging Market
Upgrade: Pakistan’s Karachi Stock Exchange KSE100 Index has rallied 14% in 2016, making it Asia’s
best performing market so far this year in anticipation of the MSCI announcement.