By: Heba El-Kordy

Cairo – Mubasher: The leading provider of research-based indexes and analytics MSCI Inc. announced the deletion of two Egyptian stocks and the addition of two other to the MSCI ACWI Small Cap Index.

Ezz Steel and Pioneers Holding Company for Financial Investment will be deleted from the index, while the additions include Cairo For Investment And Real Estate Development and Ibnsina Pharma, according to the May 2020 Semi-Annual Index Review for the MSCI Equity Indexes.

The changes will take place as of the close of 29 May.

The semi-annual index reviews are implemented in May and November.