Egyptian bourse launches EGX30 Total Return Index

Egyptian bourse launches EGX30 Total Return index: The Egyptian stock exchange has launched the EGX30 Total Return Index (EGX30 TR), which will account for dividends and prices together, according to a statement. The index is meant to help investors see the total return on their investment rather than only the price change, and will use stocks’ last price rather than closing price. The EGX30 TR will include the same companies as those listed on the EGX30, EGX Chairman Mohamed Farid said. You can read the bourse’s manual and regulations for the new index here (pdf) or check out their explanatory video here (watch, runtime: 2:40).