25 Jul 2021

The EGX (Egyptian Stock Exchange) has approved new rules for the EGX30, the key index in the market. The new methodology sets a maximum of five companies from each sector to be included in the index, with the goal of having a more diverse representation of the market. Also, the minimum issued and paid-in capital of each constituent company has been set at EGP100mn. The new rules will be implemented during the upcoming review in early August.

(Source: al-Sharq al-Awsat (English), Egyptian Stock Exchange, Amwal al-Ghad, al-Ahram, al-Youm al-Saabe, Akhbar al-Youm, al-Shurouk, al-Dustour)