The EGX30’s semiannual rebalancing is done, the EGX said in a statement out yesterday.

In: Abu Dhabi Islamic Bank Egypt, snack food maker Edita, and Taaleem Management Services have all been added.

Out: Alexandria Containers and Cargo Handling, Housing and Development Bank, and QNB Al Ahli have all been rotated out.

SOUND SMART- Criteria to make the EGX30 include rules based on a stock’s freefloat market cap and how actively it is traded, with the idea being that the benchmark represents the EGX’s 30 largest and most liquid stocks.

Want to go deeper? We have everything you need to know about rebalancing the EGX and more in this Enterprise Explains piece.

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