EGX management decided to consent the amendments approved by the indices committee during the semi-annual periodic review of the indices to be applied by the first of February. The periodic review provided on a number of changes, where 6 companies were removed from EGX 30 index and other 6 other companies joined. On the other hand, 12 companies we removed from EGX 70 index, 3 of which joined EGX 30 index; 10 companies only were removed from EGX 100 index.
For his side, Dr. Mohammed Omran, EGX Chairman noted that the periodic review of the indices is in accordance to clear rules that are consistent with the international standards in this regard. It is also reviewed in accordance to the decisions of the committee that is made up of various market participants whereby it truly reflects of the performance of listed companies based on specific technical requirements of each index separately.
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