EGX30 is getting a facelift on 1 February, with its latest semi-annual set to say goodbye to four new constituents that will exit the benchmark EGX30 index and be replaced by four newcomers, according to an EGX disclosure (pdf).

Who’s out: It’s a tough review for the petrochemicals and banking sectors. Sidpec, Mopco, and Credit Agricole are all departing the index, alongside real estate player Madinet Masr.

Who’s in: Taking their places are snacks giant Edita, Heliopolis Housing, Kima, and Orascom Investment Holding.

Why it matters: Funds that track the EGX30 are mandated to reflect these changes. Expect selling pressure on the exits and buying interest in the entrants as portfolio managers rebalance their holdings to match the new weights by the start of next month.

Sound smart: The EGX30 selects the market’s top 30 companies primarily based on liquidity and activity, filtering for firms that trade on at least 95% of sessions and meet strict thresholds for freefloat, turnover ratio, and daily trading value. Eligible candidates are ranked by their average daily trading value, with the top 27 automatically qualifying and the final three spots selected from those ranked 28-33 — prioritizing existing constituents to ensure index stability. To preserve diversity, no single sector is allowed more than five representatives.

** Want to dive deeper? Check the eligibility criteria here (pdf).

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