May 14 (Reuters) - MSCI ( MSCI ) will add 42 securities

and remove 121 securities from its widely followed MSCI ACWI

index following its quarterly review, the index provider said on

Tuesday, and the changes would be implemented as of market close

on May 31.

MSCI ( MSCI ) carries out a quarterly review of the global stock

markets so that its indexes promptly reflect the changes in the

overall equity markets.

The three largest additions to the MSCI World index will be

software firm and bitcoin buyer MicroStrategy ( MSTR ), data

storage company Pure Storage ( PSTG ) and mechanical and

electrical construction firm Emcor Group ( EME ).

India's Canara Bank, Indonesia's Chandra Asri

Pacific and India's JSW Energy will be the

three largest additions to the MSCI Emerging Markets index.

The three largest additions to the MSCI Frontier Markets

Index will be Kazakhstan carrier Air Astana, Croatia's

Koncar Distributivni I and Romania's Digi

Communications.

New York-based MSCI ( MSCI ) said it will add six and delete 70

securities from the China A Onshore Index. The three largest

additions to the index will be steel manufacturer CITIC Pacific

Special Steel, energy firm CNOOC and

forklift manufacturer Hangcha Group.

The company said that foreign listings will become eligible

for the MSCI Sweden Indexes starting from the November quarterly

index review as the market has met the foreign listing

materiality requirements.

MSCI ( MSCI ) will also no longer apply the special treatment of

Egypt and Kenya securities in its equity indexes. It will resume

the implementation of index review changes for these securities

starting this index review.

The changes have been made based on the feedback from market

participants that liquidity in the Egyptian and Kenyan foreign

exchange markets and the ability of foreign investors to

repatriate capital have improved.

The special treatment for equities listed in Bangladesh

in the MSCI ( MSCI ) indexes will continue to remain in place until

further notice given the market accessibility issues.