As of 31/1/2003 the Cairo & Alexandria Stock Exchanges (CASE) will
discontinue the CASE 50 Price & Total Return Indices. The exchange will
calculate only one index, CASE 30 Price Index, starting 2nd February 2003.
CASE 30 is a free float market capitalization index that will be reviewed
twice a year (January and June) by a committee at CASE, which
will make the required changes (additions and removals of the companies
included in the CASE 30). The new index will be retroactively computed
starting on 1/1/1998 with a base value of 1000. CASE will now become one
of the pioneering emerging markets that follows the international trend of
index calculation (set by the two international index providers FTSE and
MSCI) by adjusting indices by the free float.
For further details on the new index, please click here.
