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EGX develops EGX30 index methodology

EGX develops EGX30 index methodology
The new methodology will be applied starting from February 2021.

Cairo – Mubasher: The Egyptian Exchange (EGX) completed the development of the EGX30 index methodology to boost the ability of the index to attract more investments.

The free-float weighted market cap indicator will be added, along with the trading value indicator, and it has to be higher than the median market cap weighted by free-floating shares of the top 60 companies in terms of liquidity, the EGX said in a statement on Monday.

The new methodology will be applied starting from February 2021.