EGX Finishes The Periodical Review Of EGX Indices

Egyptian Exchange indices witnessed a number of changes during the periodic rebalance. 4 companies were excluded from EGX30, however 3 companies were included to it. 9 companies were removed from EGX50 and 8 companies were added to its constituents. 16 companies were excluded from EGX70 index. 2 companies of them were included to EGX30 constituents. Additionally 14 companies were removed from EGX100 and 13 companies were added to its constituents.
 
It should be noted that, the divergence in the number of companies included and removed for some indices is due to the demerge of a company that was a constituent in that indices prior to the semi-annual rebalance, and keeping the merger and the demerger companies in the indices till the end of the period according to EGX indices methodologies. Regarding Nile index periodic rebalance 2 companies were added and only 1 company was removed, So the total number of constituents is 25 companies, compared to 24 companies last rebalance, as the index methodology does not require a specific number of companies.  Index committee headed by Dr. Mohammed Omran, Chairman of the Egyptian Exchange -included in its membership different representatives from the market- has decided to make a slight adjustment in EGX70 methodology to be activated starting from the current review. The selection criteria of the index will be modified to be the most active companies ranked according to value traded -after exclusion of operations- rather than its rank according to number of transactions, which aims to make the index more homogeneous with other indices and reflect the performance of the market.