Who’s in and who’s out of the EGX30? EIPICO, Ibnsina Pharma, and Delta Sugar have been added to the EGX30, following the bourse’s semi-annual review, according to an EGX statement (pdf). CIRA Education, Credit Agricole, and B Investments were removed from the index to join the broader EGX70 index.

New eligibility criteria for EGX30 listing: EGX30 stocks now must trade for 95% of the trading days, instead of 65%, during the review period to maintain their spot in the index. The move aims to enhance liquidity and activity in the market.

ALSO- EFG Hermes once again topped the EGX’s brokerage league table in January, with a market share of 13.4%, according to EGX figures (pdf). Arqaam Securities came in second place (10.9%), followed by Thndr Securities (7.8%), and CI Capital (5.8%). EFG Hermes continues its streak heading into the new year, having had a monopoly over the top spot in every month but one in 2023.

Tags: