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MSCI deletes Oriental Weavers Carpet from Small Cap Index

MSCI deletes Oriental Weavers Carpet from Small Cap Index
The semi-annual index reviews are implemented in May and November.
Oriental Weavers
ORWE
-1.65% 19.03 -0.32

Cairo – Mubasher: MSCI Inc., the provider of research-based indexes and analytics, announced the deletion of one Egyptian stock from the MSCI Global Small Cap Index.

Oriental Weavers Carpet’s stock will be deleted from the index as of 30 November, according to the November 2020 Semi-Annual Index Review for the MSCI Equity Indexes.

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