{"id":579246,"date":"2023-01-31T04:12:48","date_gmt":"2023-01-31T04:12:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/three-in-three-out-as-egx30-rebalances\/"},"modified":"2023-01-31T04:12:48","modified_gmt":"2023-01-31T04:12:48","slug":"three-in-three-out-as-egx30-rebalances","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/three-in-three-out-as-egx30-rebalances\/","title":{"rendered":"Three in, three out as EGX30 rebalances"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>The EGX30\u2019s semiannual rebalancing is done<\/strong>, the EGX said in a statement out yesterday.<\/p>\n<p><strong>In: <\/strong>Abu Dhabi Islamic Bank Egypt, snack food maker Edita, and Taaleem Management Services have all been added.<\/p>\n<p><strong>Out: <\/strong>Alexandria Containers and Cargo Handling, Housing and Development Bank, and QNB Al Ahli have all been rotated out.<\/p>\n<p><strong>SOUND SMART- <\/strong>Criteria to make the EGX30 include rules based on a stock\u2019s freefloat market cap and how actively it is traded, with the idea being that the benchmark represents the EGX\u2019s 30 largest and most liquid stocks.<\/p>\n<p><strong>Want to go deeper? <\/strong>We have everything you need to know about rebalancing the EGX and more <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ea745e38-4504-4cd3-affa-33ad53b32eb0\">in this Enterprise Explains piece<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EGX30\u2019s semiannual rebalancing is done, the EGX said in a statement out yesterday. In: Abu Dhabi Islamic Bank Egypt, snack food maker Edita, and Taaleem Management Services have all been added. Out: Alexandria Containers and Cargo Handling, Housing and Development Bank, and QNB Al Ahli have all been rotated out. SOUND SMART- Criteria to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":579247,"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":[2156,6570,102,191,68,72,829,625,408],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-579246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capital-markets","tag-adib-egypt","tag-alexandria-containers-and-cargo-handling","tag-capital-markets","tag-edita","tag-egx","tag-enterpriseam","tag-housing-and-development-bank","tag-qnb-alahli","tag-taaleem","wpautop","entry"],"acf":{"mongo_id":"1c37a877-d820-4c26-b3c0-dc5709dc7829","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/1\/539.jpg","photo_position":"above","related_issue":[579235],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Three in, three out as EGX30 rebalances - 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\/2023\/01\/31\/three-in-three-out-as-egx30-rebalances\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Three in, three out as EGX30 rebalances\" \/>\n<meta property=\"og:description\" content=\"The EGX30\u2019s semiannual rebalancing is done, the EGX said in a statement out yesterday. In: Abu Dhabi Islamic Bank Egypt, snack food maker Edita, and Taaleem Management Services have all been added. Out: Alexandria Containers and Cargo Handling, Housing and Development Bank, and QNB Al Ahli have all been rotated out. SOUND SMART- Criteria to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/three-in-three-out-as-egx30-rebalances\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-31T04:12:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/539.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\/2023\/01\/31\/three-in-three-out-as-egx30-rebalances\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/three-in-three-out-as-egx30-rebalances\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Three in, three out as EGX30 rebalances\",\"datePublished\":\"2023-01-31T04:12:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/three-in-three-out-as-egx30-rebalances\/\"},\"wordCount\":120,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/three-in-three-out-as-egx30-rebalances\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/539.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ADIB Egypt\",\"Alexandria Containers and Cargo Handling\",\"capital markets\",\"Edita\",\"EGX\",\"EnterpriseAM\",\"Housing and Development Bank\",\"QNB Alahli\",\"Taaleem\"],\"articleSection\":[\"Capital markets\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/three-in-three-out-as-egx30-rebalances\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/31\/three-in-three-out-as-egx30-rebalances\/\",\"name\":\"Three in, three out as EGX30 rebalances - 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The full rundown of the rebalancing is here (pdf). Who\u2019s out: Orascom Construction, Alexandria Mineral Oils Company, Egyptian Resorts Company, Kima, and Porto Group. Who\u2019s in: Edita, Egyptian Steel, Oriental Weavers, the Export Development Bank, and Beltone.","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":580843,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/22\/what-the-markets-are-doing-on-22-january-2023\/","url_meta":{"origin":579246,"position":1},"title":"What the markets are doing on 22 January, 2023","author":"enterpriseam admin","date":"22 January 2023","format":false,"excerpt":"MARKET NEWS-Alexandria Containers and Cargo Handling will distribute EGP 1.67 bn worth of dividends, it said in an EGX disclosure (pdf). The company will pay out EGP 1.1127 per share on 13 February. MARKET ROUNDUP-The EGX30 rose 0.3% at today\u2019s close on turnover of EGP 2.15 bn (26.4% above the\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","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":566922,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/28\/egx30-change-up-next-week\/","url_meta":{"origin":579246,"position":2},"title":"EGX30 change-up next week","author":"enterpriseam admin","date":"28 July 2021","format":false,"excerpt":"Six companies will become constituents of the EGX30 when the latest rebalancing of the benchmark index takes effect on Sunday, the EGX said today (pdf). 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 &quot;SPEED ROUND: CAPITAL MARKETS&quot;","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":580761,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/what-the-markets-are-doing-on-17-january-2023\/","url_meta":{"origin":579246,"position":3},"title":"What the markets are doing on 17 January, 2023","author":"enterpriseam admin","date":"17 January 2023","format":false,"excerpt":"The EGX30 rose 0.9% at today\u2019s close on turnover of EGP 3.14 bn (85.7% above the 90-day average). Regional investors were net sellers. The index is up 9.5% YTD.In the green: QNB Al Ahli (+5.7%), Ibnsina Pharma (+4.4%) and Heliopolis Housing (+4.4%).In the red: Alexandria Containers and Cargo (-2.6%), Abu\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","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":580710,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/15\/qnb-alahli-net-income-rises-35-7-in-fy2022\/","url_meta":{"origin":579246,"position":4},"title":"QNB Alahli net income rises 35.7% in FY2022","author":"enterpriseam admin","date":"15 January 2023","format":false,"excerpt":"EARNINGS WATCH-QNB Alahli\u2019s bottom line rose 35.7% to EGP 10.4 bn in FY2022, the bank said in its financialstatements (pdf). Net interest income rose 36.9% y-o-y to 44 bn in FY2022 from EGP 32.13 bn in FY2021. MARKET ROUNDUP-The EGX30 rose 0.1% at today\u2019s close on turnover of EGP 1.75\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","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":587506,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/28\/what-the-markets-are-doing-on-28-may-2023\/","url_meta":{"origin":579246,"position":5},"title":"What the markets are doing on 28 May, 2023","author":"enterpriseam admin","date":"28 May 2023","format":false,"excerpt":"EARNINGS WATCH-Talaat Moustafa Group reported around EGP 747.5 mn in net income in 1Q 2023, up about 32% y-o-y, according to an EGX disclosure (pdf). The company\u2019s revenues during the quarter came in at roughly EGP 4.44 bn, about 47% up y-o-y.Alexandria Container and Cargo Handling company reported EGP 3.2\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","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\/579246","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=579246"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/579246\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/579235"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/579247"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=579246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=579246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=579246"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=579246"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=579246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}