Who’s in and who’s out of the EGX30? Orascom Development, Rameda, EgyptAlum, Ibn Sina Pharma, Qalaa Holdings, and Eipico have been added to the EGX30, following the bourse’s semmi-annual review shake up, the exchange announced in a statement (pdf). The six new entrants will be replacing Ezz Steel, B Investments, Faisal Islamic Bank of Egypt, Cleopatra Hospitals, Elsewedy Electric, and Heliopolis Housing.

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It was no surprise that heavyweight industrial stocks, Elsewedy Electric and Ezz Steel, left the index: Much of Elsewedy Electric’s shares in freefloat were acquired by Abu Dhabi-based Electra Investment Holding in July — making it a much less active participant on the index — while Ezz Steel is on its way to leave the bourse entirely after the shareholders agreed this week to voluntarily delist it.

There’s also changes afoot for the newly launched sharia compliant EGX33, which will now be the new home to Delta Sugar, Lecico, Misr National Steel, Egyptian Resorts Company, Icon, Taqa Arabia, and Dice. The new entrants will be replacing Elsewedy Electric, Raya Holdings, AMOC, GB Corp, Abu Qir Fertilizers, Egyptian Financial & Industrial, and Gemma.

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