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Expolanka Holdings PLC will be included in the Morgan Stanley MSCI Frontier Markets Index for the first time replacing Commercial Bank PLC after November 30th this year.
With the addition in the index, Expolanka is likely to attract interest of foreign institutional investors. As of September 30, 2021, the company didn’t have any foreign funds among its top twenty shareholders.
Accordingly, Expolanka and John Keels Holdings (JKH) will be representing Sri Lanka in the MSCI Frontier Markets Index. As of 29th of October, float adjusted market capitalisation of JKH and Expolanka stood at US$ 0.54 billion and US$ 0.52 billion respectively.
With the addition in the index, Expolanka is likely to attract interest of foreign institutional investors. As of September 30, 2021, the company didn’t have any foreign funds among its top twenty shareholders.
Accordingly, Expolanka and John Keels Holdings (JKH) will be representing Sri Lanka in the MSCI Frontier Markets Index. As of 29th of October, float adjusted market capitalisation of JKH and Expolanka stood at US$ 0.54 billion and US$ 0.52 billion respectively.
