The Nairobi Securities Exchange (NSE) has received a significant boost with the inclusion of the Co-operative Bank of Kenya in the Morgan Stanley Capital International (MSCI) Frontier Markets Index.

The bourse is also set to benefit from the addition of four other Kenyan companies to the MSCI Frontier Markets Small Cap Index - British American Tobacco Kenya, Diamond Trust Bank Kenya, Kenya Electricity Generating Company, and Kenya Reinsurance Corporation.

MSCI, a leading provider of decision support services for global investors, has announced the addition of Co-op Bank as a constituent in the MSCI Frontier Markets Index.

This move brings the total number of NSE-listed companies in the index to five, including Safaricom, Equity Group Holdings, KCB Group and East Africa Breweries Ltd.

"The inclusion of Co-operative Bank of Kenya in the MSCI Frontier Markets Index and the addition of the four other companies in the MSCI Frontier Markets Small Cap Index is a significant boost for Kenya's equity market," said NSE Chief Executive Frank Mwiti in a statement yesterday.

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