EGX to introduce new indices in Q1 2019

The Egyptian Exchange (EGX) plans to two new indices during the first quarter of 2019, according to Chairman of EGX Mohamed Farid.

Mohamed Farid added during  a press conference that one of the two indices replace an already existing index in as part of the EGX’s plan to restructure indices.

In August 2018, the chairman stated that the EGX’s board of directors nodded to restructure the main market indices.

The EGX includes seven indices, namely the EGX20 Capped, the EGX30, the EGX50, the EGX70, the EGX100, and the Nile Index.