The Egyptian Exchange (EGX) Completed The Semi-Annual Review Of The Egyptian Stock Market Indices Will Be Effective From February 1st

The Egyptian Exchange (EGX) completed the semi-annual review of the Egyptian stock market indices, for the period from July to December 2023.

EGX30, EGX30 Capped, and EGX30 TR witnessed a change of 3 companies, while EGX70 EWI witnessed the exclusion of 17 companies, 3 of which joined EGX30, and another 17 joined. EGX100 EWI witnessed the exclusion of 14 companies and the inclusion of 14 others.

The Egyptian Exchange (EGX) conducts review twice a year on the stock indices, the first ends in January, and is scheduled to be effective on 1^st February, and the second review ends by the end of July and is scheduled to be effective on 1^st August.

The review monitors the changes in companies' different criteria and measures according to the methodologies of each index.

The Egyptian Exchange has developed its main indices’ methodologies to enhance the importance of liquidity and activity rates of the constituents included in the index:

For The Main Index (EGX30): its methodology has been developed by modifying the criteria of trading days required to join the index. Currently, the company's shares have to be traded in 95% of the trading days during the review period, instead of 65%.

In addition, the methodology of the EGX70 EWI index has been developed by modifying the Index's criteria of trading days required to join the index. Currently, the company's shares have to be traded in 90% of the trading days during the review period, instead of 65%.

Also, two additional liquidity criteria have been added, The first criterion stipulates that the average daily number of trading investors shall not be less than 0.1% of the daily average number of trading investors in the total market during the review period.

The second criterion stipulates that the turnover rate of free-float shares shall not be less than 10% over the last six months, or that the average daily traded value shall not be less than 0.0005 of the daily average traded value of main market.

During the review period, the treasury bonds index witnessed a number of changes, as 21 issues were removed from the index compared to the inclusion of 2 issues of treasury bonds, thus bringing the total number of bonds constituting the index to 19 issues. It is worth noting that the Egyptian Exchange conducts a monthly review of Treasury bond indices, according to the criteria of inclusion and exclusion in the indices methodology.

The ongoing development of the methodology of the different market indices comes in line with international best practices, and after consultation with the different capital market parties and representatives in the Indices committee in the Egyptian Exchange, and in the framework of the financial community dialogue held during the discussion of “the strategy of the Egyptian Exchange's Board of Directors for Development” in accordance with clause 36 thereof.

The following are changes in constituents for the EGX Indices, which will take place as of the close of January 31, 2024.

EGX30, EGX30 Capped, & EGX30 TR Index

No.	List of Included Companies	No.	List of Excluded Companies
1	Egyptian International Pharmaceuticals (EIPICO)	1	Cairo For Investment And Real Estate DevelopmentsCIRA Education
2	Ibnsina Pharma	2	Credit Agricole Egypt
3	Delta Sugar	3	B Investments Holding

EGX70 Equally Weighted Index

No.	List of Included Companies	No.	List of Excluded Companies
1	Credit Agricole Egypt	1	Egyptian International Pharmaceuticals (EIPICO)
2	B Investments Holding	2	Canal Shipping Agencies
3	International Agricultural Products	3	Ismailia Development and Real Estate Co
4	Copper For Commercial Investment & Real Estate Development	4	Arabian Cement Company
5	El Ezz Porcelain (Gemma)	5	Glaxo Smith Kline
6	Cairo For Investment And Real Estate Developments-CIRA Edu	6	The Egyptian Modern Education Systems
7	Egyptian for Tourism Resorts	7	Arab Co. for Asset Management And Development
8	Ismailia Misr Poultry	8	Arab Moltaka Investments Co
9	Sharm Dreams Co. for Tourism Investment	9	The Egyptian Company for Construction DevelopmentLift Slab
10	Engineering Industries (ICON)	10	Orascom Financial Holding
11	Taqa Arabia	11	Egyptian Gulf Bank
12	Aspire Capital Holding For Financial Investments	12	Ibnsina Pharma
13	Prime Holding	13	Asek Company for Mining - Ascom
14	Amer Group Holding	14	Faisal Islamic Bank of Egypt - In US Dollars
15	Giza General Contracting	15	Alexandria Spinning & Weaving (SPINALEX)
16	Elsaeed Contracting& Real Estate Investment Company SCCD	16	Delta Sugar
17	A Capital Holding	17	Lecico Egypt

EGX100 Equally Weighted Index

No.	List of Included Companies	No.	List of Excluded Companies
1	International Agricultural Products	1	The Egyptian Modern Education Systems
2	El Ezz Porcelain (Gemma)	2	Arab Co. for Asset Management And Development
3	Egyptian for Tourism Resorts	3	The Egyptian Company for Construction DevelopmentLift Slab
4	Engineering Industries (ICON)	4	Egyptian Gulf Bank
5	Prime Holding	5	Asek Company for Mining - Ascom
6	Elsaeed Contracting& Real Estate Investment Company SCCD	6	Canal Shipping Agencies
7	Copper For Commercial Investment & Real Estate Development	7	Ismailia Development and Real Estate Co
8	Ismailia Misr Poultry	8	Arabian Cement Company
9	Sharm Dreams Co. for Tourism Investment	9	Glaxo Smith Kline
10	Taqa Arabia	10	Arab Moltaka Investments Co
11	Aspire Capital Holding For Financial Investments	11	Orascom Financial Holding
12	Amer Group Holding	12	Faisal Islamic Bank of Egypt - In US Dollars
13	Giza General Contracting	13	Alexandria Spinning & Weaving (SPINALEX)
14	A Capital Holding	14	Lecico Egypt

EGX Treasury Bond Index

No.	List of Included Issues	No.	List of Excluded Issues
1	Treasury Bonds May , 12 2025	1	Treasury Bonds 04 January 2025
2	Treasury Bonds 05 July 2026	2	Treasury Bonds 11 January 2027
3	Treasury Bonds 27 OCT 2035		-
4	Treasury Bonds 03 February 2025		-
5	Treasury Bonds 14 July 2025		-
6	Treasury Bonds 28 JUL 2035		-
7	Treasury Bonds 07 August 2025		-
8	Treasury Bonds 12 January 2031		-
9	Treasury Bonds 09 December 2024		-
10	Treasury Bonds 10 August 2024		-
11	Treasury Bonds 06 November 2028		-
12	Treasury Bonds 07 November 2027		-
13	Treasury Bonds 14 July 2030		-
14	Treasury Bonds 10 November 2025		-
15	Treasury Bonds 02 April 2026		-
16	Treasury Bonds 02 JUL 2024		-
17	Treasury Bonds 30 MAY 2024		-
18	Treasury Bonds - 03 Jun 2024		-
19	Treasury Bonds 09 November, 2024		-
20	Treasury Bonds 13 July 2024		-
21	Treasury Bonds 09 Sep-2024		-