Cairo-based investment bank Beltone Financial said that the BAM30 Index is to be rebalanced on January 16 to reflect market developments in the fourth quarter of 2010, according to a press statement.
The new addition to the Index are: Nile Cotton Ginning; South Valley Cement; Six of October Development and Investment (SODIC); Egyptians Abroad for Investment and Development; United Housing and Development; Al Barraka Bank Egypt, and Remco for Touristic Villages.
The stocks that will be excluded are: Sidi Kerir Petrochemicals; Juhayna for Food Industries; Medinet Nasr Housing; Egyptian Media Production City; Extracted Oils; Giza General Cotracting, and Oriental Weavers.
