EGX remains in MSCI Emerging Markets Index

The world-leading index provider MSCI has retained Egypt in its index for emerging markets, which includes several other countries such as the UAE, Turkey and Qatar, the incorporation said on its website.

The index compiler also did not mention Egypt as a candidate for review, which was a relief to investors who had feared it may be downgraded from emerging market status, being represented by just three stocks since the exclusion of Telecom Egypt last month.