EGX conducts semi-annual review of stock market indices

Fatma Salah
2 Min Read

The Egyptian Exchange (EGX) completed the semi-annual review of the Egyptian stock market indices, from July to December 2022.

EGX30, EGX30 Capped, and EGX30 TR witnessed the change of three companies, while EGX50 EWI witnessed the exit of six companies and the entry of six others, EGX70 EWI witnessed the exit of 13 companies, of which three companies joined EGX30, and 13 others joined. EGX100 EWI witnessed the exclusion of 11 companies and the entry of 11 others.

The EGX management conducts two reviews every year of the stock indices, the first of which ends in January, and is scheduled to start working on the first of February, and the second review ends at the end of July and is implemented in the beginning of August.

The reviews monitor the change in the trading values of the listed shares, as well as the values of the free-floating shares, according to the methodologies of each index. The review includes the exclusion of unqualified companies, and the inclusion of companies that meet the criteria.

During the review period, the treasury bonds index witnessed a number of changes, as it exited the index with 13 issues compared to the entry of 11 issues of treasury bonds, thus bringing the total number of bonds included in the index to 33 issues. It is worth noting that the stock exchange management reviews treasury bond indices monthly, according to the criteria for joining and excluding the indices methodology.

The semi-annual review of EGX30, EGX30 Capped, and EGX30 TR witnessed the exit of the shares of Abu Dhabi Islamic Bank, Edita, Taaleem Management Services, and the Housing and Development Bank, Alexandria Container and Cargo Handling, and QNB Alahli.

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