Fresh entries to the EGX30: Emaar Misr, B Investments, Credit Agricole, Cleopatra Hospitals Group, and Faisal Islamic Bank have been added to the EGX30 following the bourse’s semiannual review, according to a statement (pdf). Qalaa Holdings, Ibn Sina Pharma, Orascom Development, Delta Sugar, and Eipico were removed from the index to join the broader EGX70 index, effective 1 August.

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And new entries to the EGX33: Rameda Pharma and the Egyptian Financial and Industrial Company both joined the bourse’s new shariah-compliant index — the EGX33, replacing Fawry and Mopco.

Remember: The EGX launched the sharia-compliant index last month. It houses 33 listed companies representing 16 different sectors and with a maximum weight of 15% for each of them.

Tighter revenue requirements for EGX33-listed companies: The Shariah Supervisory Committee adjusted the criteria for sharia compliance, particularly by lowering the acceptable threshold for non-compliant incidental revenue to 5%, down from 10%, in order to align the EGX33 with other sharia-compliant indices.

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