Cairo - Mubasher: The Egyptian Exchange (EGX) has completed the semi-annual periodic review of its indices, according to a statement on Wednesday.
The review, effective as of the beginning of August, applies the new EGX30 index methodology which states that a maximum of five companies operating in each sector will be included in the index. The inclusion requires companies to have a minimum issued capital of EGP 100 million or its equivalent in foreign currency.
The EGX30 index witnessed the exclusion of seven companies, namely Six of October Development and Investment (SODIC), Edita Food Industries, Emaar Misr for Development, Export Development Bank of Egypt, Orascom Investment Holding, Orascom Financial Holding, and CI Capital Holding For Financial Investments.
The seven companies will join the EGX70 EWI, which witnessed the inclusion of 22 companies and the exclusion of 23 companies.
Meanwhile, six companies will join the EGX30 index, including Misr Fertilizers Production Co (Mopco), Cairo For Investment and Real Estate Development (CIRA), Speed Medical Co, Raya Holding for Financial Investments, Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Reagents (Rameda), and Egyptian Resorts Co.
Moreover, the EGX50 EWI saw the inclusion of 14 companies and the exclusion of 15 companies, while the EGX100 EWI witnessed the inclusion of 16 companies and the exclusion of 18 companies.
