Still, questions remain over the sustainability of the rebound. Despite the recent rally, the benchmark is still down some 26% this year as worries about market transparency and the direction of President Prabowo Subianto’s economic agenda persist. MSCI Inc. will still need to make a final call on whether to downgrade the nation’s equities to frontier status in November, as does S&P Dow Jones Indices, which has also signaled a possible reclassification.