CAIRO: The Egyptian Exchange (EGX) has announced in a statement Wednesday it has completed the semi-annual review of the market indexes, which will be effective starting February 1.
According to the periodic review, six companies were removed from the list of the benchmark index EGX30 while other six companies were added.
According to the statement, the companies excluded from the EGX30 are; Sidi Kerir Petrochemicals, GB Auto, El Wadi Co. for Touristic Investment, Egyptians Abroad for Investment & Development, Ceramic & Porcelain and Egyptians for Investment & Urban Development.
Meanwhile, the companies added to the benchmark are; Arabia Investments and Development, Arabian Cement, El Shams Housing & Urbanization, Egypt for Poultry, Belton Financial Holding and Egyptians Housing Development & Reconstruction.
Also, 12 companies were removed from the list of the small and mid-cap index EGX70. Three of these companies are among those added on the benchmark, the statement read. Ten companies were also excluded from the broader index EGX100.
The periodic review was done in accordance with international standards in this regard, EGX chairman Mohamed Omran said in the statement.
He added that it truly reflects the performance of listed companies based on specific technical requirements of each index separately.