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FTSE Mondo Visione Exchanges Index:

EGX Index Committee Approves The Semi-Annual Periodic Review Of EGX’s Indices

Date 28/07/2022

EGX30, EGX30 CAPPED, EGX30 TR (EGX30 CAPPED, EGX30 TR are having the same constituents of EGX30) witnessed the exclusion of 3 companies with a new 3 companies abiding to the eligibility criteria.  EGX50 EWI index witnessed the exclusion of 8 companies in return to be replaced by 8 new companies.  20 companies were excluded from EGX70 EWI index, 1 of them joined EGX30 index. Finally, EGX100 EWI witnessed exclusion of 19 companies with a new 19 companies.

 

EGX conducts its index review semiannually; end of January to be effective beginning of February and end of July to be effective beginning of August 2022.

The latest review revealed an improvement in the diversity of companies' weights that constitute EGX30, as the largest company weight in the index currently reached to 27.1% compared to 44.2% in January 2021.

The number of companies with weights from 5% to 10% increased to 5 companies in July 2022, compared to 3 companies in January 2021, while the index does not include any company with weight less than 0.5%, compared to 9 companies in January 2021.

EGX’s committee had developed EGX30 index methodology and updated EGX50 EWI index methodology, allowing both indices to maintain its stability, and enhance investment attractiveness.

Treasury Bond Index witnessed changes, were 14 issues were excluded against the entry of 7 issues, bringing the total number of listed bonds on the index to 45 issues with a total market value of EGP1,026 billion compared to a market value of EGP1,183 billion for the current index constituents.