{"id":559645,"date":"2021-01-31T04:08:09","date_gmt":"2021-01-31T04:08:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/31\/fawry-ci-capital-mm-group-make-it-into-egx30\/"},"modified":"2021-01-31T04:08:09","modified_gmt":"2021-01-31T04:08:09","slug":"fawry-ci-capital-mm-group-make-it-into-egx30","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/31\/fawry-ci-capital-mm-group-make-it-into-egx30\/","title":{"rendered":"Fawry, CI Capital, MM Group make it into EGX30"},"content":{"rendered":"

<\/a> Fawry is among five companies that have made it onto Egypt\u2019s benchmark EGX30<\/strong> index <\/strong>after the bourse completed a rebalancing of the gauge under new inclusion criteria<\/a>, the EGX said in a statement (pdf)<\/a>. The rebalancing will be reflected on the index as of tomorrow. Fawry became Egypt\u2019s first unicorn last year<\/a>, achieving a market capitalization of USD 1 bn. Its market cap has since nearly doubled to upwards of EGP 29 bn (USD 1.85 bn).<\/p>\n

Who else is in? <\/strong>Investment bank and NBFS player CI Capital<\/strong>, consumer stalwart MM Group<\/strong>, state-owned Abu Qir Fertilizers<\/strong>, and Alexandria Mineral Oils Company<\/strong> (AMOC) are now EGX30 constituents.<\/p>\n

And who\u2019s out? <\/strong>Education outfit CIRA<\/strong>, dairy producer Juhayna<\/strong>, soon to be defunct Egyptian Iron and Steel<\/strong>, clothing manufacturer Dice<\/strong>, and Beltone Financial Holding<\/strong> have all rotated out of the benchmark index.<\/p>\n

The rebalancing also reduced the weight of the EGX30\u2019s heaviest constituents <\/strong>to now account for 36.8% of the index\u2019s combined market capitalization, down from 44.4%, the EGX said. A more even distribution of weights was one of the key targets of introducing the new inclusion criteria, it added. Other changes that took place under the new methodology include shuffling the constituents of the broader EGX50 EWI and EGX100 EWI indices, as well as setting in motion a plan to scrap the Nile Index tracking SMEs companies listed on small-cap NileX in favor of a new, improved \u201cTamayoz\u201d index. You can read up on the current methodology here (pdf)<\/a>.<\/p>\n

The EGX30 is reviewed (or \u201crebalanced\u201d) every six months,<\/strong> at the beginning of February and of August each year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Fawry is among five companies that have made it onto Egypt\u2019s benchmark EGX30 index after the bourse completed a rebalancing of the gauge under new inclusion criteria, the EGX said in a statement (pdf). The rebalancing will be reflected on the index as of tomorrow. Fawry became Egypt\u2019s first unicorn last year, achieving a market […]<\/p>\n","protected":false},"author":1,"featured_media":559646,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7303],"tags":[548,1133,812,102,136,402,3511,68,72,519,125,1027,1851,343],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-559645","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capital-markets","tag-abu-qir-fertilizers","tag-amoc","tag-beltone-financial","tag-capital-markets","tag-ci-capital","tag-cira-education","tag-dice-sport-and-casual-wear","tag-egx","tag-enterpriseam","tag-fawry","tag-investment-watch","tag-juhayna","tag-mm-group","tag-regulation","wpautop","entry"],"acf":{"mongo_id":"055aeba0-de62-4a61-a8d1-ade902737b05","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/1\/365.jpg","photo_position":"above","related_issue":[559637],"teaser":"","voice_url":""},"yoast_head":"\nFawry, CI Capital, MM Group make it into EGX30 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/31\/fawry-ci-capital-mm-group-make-it-into-egx30\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fawry, CI Capital, MM Group make it into EGX30\" \/>\n<meta property=\"og:description\" content=\"Fawry is among five companies that have made it onto Egypt\u2019s benchmark EGX30 index after the bourse completed a rebalancing of the gauge under new inclusion criteria, the EGX said in a statement (pdf). 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Fawry became Egypt\u2019s first unicorn last year, achieving a market […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/31\/fawry-ci-capital-mm-group-make-it-into-egx30\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-31T04:08:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/365.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/31\/fawry-ci-capital-mm-group-make-it-into-egx30\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/31\/fawry-ci-capital-mm-group-make-it-into-egx30\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Fawry, CI Capital, MM Group make it into EGX30\",\"datePublished\":\"2021-01-31T04:08:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/31\/fawry-ci-capital-mm-group-make-it-into-egx30\/\"},\"wordCount\":273,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/31\/fawry-ci-capital-mm-group-make-it-into-egx30\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/365.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Abu Qir Fertilizers\",\"AMOC\",\"Beltone Financial\",\"capital markets\",\"CI Capital\",\"CIRA Education\",\"Dice Sport and Casual Wear\",\"EGX\",\"EnterpriseAM\",\"Fawry\",\"investment watch\",\"Juhayna\",\"MM Group\",\"regulation\"],\"articleSection\":[\"Capital markets\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/31\/fawry-ci-capital-mm-group-make-it-into-egx30\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/31\/fawry-ci-capital-mm-group-make-it-into-egx30\/\",\"name\":\"Fawry, CI Capital, MM Group make it into EGX30 - 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The EGX30 is reviewed (or \u201crebalanced\u201d) twice a year, at the beginning of February and August. Other indexes including EGX50 EWI and EGX70 EWI have\u2026","rel":"","context":"In "SPEED ROUND: CAPITAL MARKETS"","block_context":{"text":"SPEED ROUND: CAPITAL MARKETS","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/487.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":637990,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/06\/what-the-markets-are-doing-on-6-august-2024\/","url_meta":{"origin":559645,"position":2},"title":"What the markets are doing on 6 August 2024","author":"enterpriseam admin","date":"6 August 2024","format":false,"excerpt":"The EGX30 rose 1.3% at today\u2019s close on turnover of EGP 2.6 bn (26.3% below the 90-day average). Local investors were net sellers. The index is up 13.3% YTD.In the green: Juhayna (+8.2%), Amoc (+7.5%), and Madinet Masr (+3.5%).In the red: Fawry (-1.0%) and Abu Qir Fertilizers (-0.2%).","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":607210,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/27\/what-the-markets-are-doing-on-27-september-2023\/","url_meta":{"origin":559645,"position":3},"title":"What the markets are doing on 27 September, 2023","author":"enterpriseam admin","date":"27 September 2023","format":false,"excerpt":"The EGX30 fell 0.9% at today\u2019s close on turnover of EGP 2.1 bn (0.6% below the 90-day average). Local investors were net buyers. The index is up 38.2% YTD. In the green: Orascom Construction (+3.7%), AMOC (+3.1%), and Palm Hills Developments (+2.9%). In the red: Fawry (-4.1%), Juhayna (-4.0%), and\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":630762,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/07\/what-are-the-markets-doing-on-7-july-2024\/","url_meta":{"origin":559645,"position":4},"title":"What are the markets doing on 7 July 2024","author":"enterpriseam admin","date":"7 July 2024","format":false,"excerpt":"The EGX30 rose 0.8% at today\u2019s close on turnover of EGP 3.8 bn (7.1% below the 90-day average). Local investors were the sole net buyers. The index is up 14.9% YTD.In the green: EFG Holding (+8.1%), Palm Hills Development (+4.2%), and Fawry (+1.7%).In the red: Abu Qir Fertilizers (-3.0%), AMOC\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":650856,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/10\/how-the-markets-are-doing-on-10-october-2024\/","url_meta":{"origin":559645,"position":5},"title":"How the markets are doing on 10 October 2024","author":"enterpriseam admin","date":"10 October 2024","format":false,"excerpt":"The EGX30 fell 1.3% at today\u2019s close on turnover of EGP 5.4 bn (31.1% above the 90-day average). International investors were the sole net sellers. The index is up 23.6% YTD.In the green: Cleopatra Hospitals (+7.0%), Oriental Weavers (+4.9%), and Abu Qir Fertilizers (+2.4%).In the red: Ezz Steel (-7.5%), AMOC\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/559645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=559645"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/559645\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/559637"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/559646"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=559645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=559645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=559645"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=559645"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=559645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}