The Egyptian Exchange (EGX) has completed its semi-annual periodic review of the stock market indices for the period between January and June 2023. Four companies have exited the EGX30, the EGX30 Capped, and the EGX30 TR indices, while four other companies have entered.
The EGX70 EWI index of equal weights saw 16 companies exiting, four of which joined the EGX30 index. In addition, 16 companies entered the EGX70 EWI index. The EGX100 EWI index excluded 12 companies and included 12 other companies.
The EGX management conducts two reviews of stock indices each year. The first ends in January, while the second review ends at the end of July and takes effect at the beginning of August. During each review, the companies that do not qualify are excluded, and those that meet the criteria are included.
The treasury bonds index also saw changes during the review period, with 11 issues exiting and eight issues entering, bringing the total number of bonds included in the index to 23 issues. The Egyptian Exchange management reviews the treasury bonds indicators monthly, based on the criteria for joining and excluding the bond indices methodology.
The main index, EGX30 Capped, and EGX30 TR witnessed the exit of “Taleem,” “Ibn Sina,” Cleopatra Hospital and Rameda, and the entry of “Beltone Financial,” “B Investments,” “Alexandria Container and Cargo Handling Company,” and “Orascom Development.”
The index of equal weights EGX70 EWI witnessed the exit of “AJWA,” “B Investments,” “United Arab Shipping (UASG),” “Misr Hotels,” “Orascom Development,” “Misr Hotels,” “Al Ezz for Ceramics and Porcelain,” and “Egyptian Resorts Company,” Pachin, Rakta Paper Manufacturing, Ismailia Misr Poultry, Beltone Financial, Sharm Dreams, Alexandria Container and Cargo Handling Company, Prime, Reacap Financial Investments, and Giza General Contracting. Meanwhile, “Medical Packaging Company (MEPA),” “GlaxoSmithKline (GSK – Egypt),” “Egyptian Modern Education Systems (MOED),” “Cleopatra Hospital,” “Egyptian Iron and Steel (IRON),” “Arab Co for Asset Management and Development (ACAMD),” “SODIC,” “Misr Chemical Industries,” “Qatar National Bank Al Ahli,” “Taaleem Management Services,” “Egyptian Gulf Bank,” “Cairo Oils & Soap,” “Ibnsina Pharma,” “Rameda,” “Export Development Bank,” and “Macro Group Pharmaceutical” have entered the index.
