Cairo – Mubasher: The Egyptian Exchange (EGX) will launch the EGX70 Equal Weight Index (EWI) on Sunday which will measure the performance of the top 70 active companies, in terms of turnover and trading volume, not included in the benchmark EGX30 index.

All listed stocks in the new index will have an equal weight of about 1.43% on the first day of the quarterly review, according to a recent statement.

The new index, which will replace the EGX70, allow the creation of financial products such as index funds.