News Details
The Egyptian Exchange Approves Periodical Review of Its Indices
31/07/2019
The Egyptian Exchange (EGX) indices witnessed a number of changes during the semi-annual rebalance, as EGX Index Committee has approved the changes to the list of constituents of EGX30, EGX50, EGX70 and EGX100.

The Index committee has approved also a change in EGX indices methodology, whereby the following cases will be presented to the index committee for a final decision on the eligibility for inclusion in EGX indices;"The companies which have received an approval from the Financial Regulatory Authority (FRA) to submit a Tender Offer, or the Companies where an acquirer express no intention to maintain the company listed on the Egyptian Exchange (EGX), or when the Company's Board of Directors approves the delisting of the company."

The Results of the review indicate that the EGX30 index and EGX 30 Capped index (which includes the same constituents of EGX30 index) have excluded 6 companies which were ineligible for inclusion according to the methodology, against the inclusion of 6 new companies in the index.

The EGX50 EWI index also excluded 9 companies while EGX70 index witnessed the exclusion of 18 companies, 6 of which joined the EGX30 index and finally The EGX100 index witnessed the exclusion of 14 companies against the addition of 14 new companies.

The Companies Added/ Removed from the Indices (PDF Format) File Size: 33.72 KB