Egypt Finalizes Periodic Review of Indices, OCI Removed From Benchmark
The Egyptian Exchange (EGX)’s management has ratified the amendments that were endorsed by the Indices Committee that convened for semi-annual revision of indices.
Benchmark index have seen some changes, mainly the removal of Orascom Construction Industries (OCI) (OCIC.CA) from the index constituents. The removal comes in the light of the closing fillings on 28 July 2013 of OCI NV’s tender offer for 208.938.419 shares or 100% of issued shares of OCI S.A.E.
Six companies were added to the main index while six others were removed. Meanwhile, small and mid-cap index EGX70 saw the removal of 14 companies, of which five were added to EGX30. EGX100 witnessed the removal of eleven companies.
Changes Made in EGX 30
|
Newly-Added Firms |
Newly-Excluded Firms |
|
El Sewedy Electric (SWDY) |
El Shams Housing and Urbanization (ELSH) |
|
Sidi Kerir Petrochemicals (SKPC) |
National Real Estate Bank for Development (NRPD) |
|
Modern Company for water proofing (Bitumode) (WATP) |
Orascom Construction Industries (OCI) (OCIC) |
|
Advanced Pharmaceutical Packaging Co. (APPC) (APPC) |
Raya Holding for Technology and Communications (RAYA) |
|
South Valley Cement (SVCE) |
Egyptian Resorts – ERC (EGTS) |
|
GB Auto (AUTO) |
Citadel Capital (CCAP) |
Changes Made in EGX 70
|
Newly-Added Firms |
Newly-Excluded Firms |
|
El Shams Housing and Urbanization (ELSH) |
El Sewedy Electric (SWDY) |
|
National Real Estate Bank for Development (NRPD) |
Sidi Kerir Petrochemicals (SKPC) |
|
Orascom Construction Industries (OCI) (OCIC) |
South Valley Cement (SVCE) |
|
Raya Holding for Technology and Communications (RAYA) |
Modern Company for water proofing (Bitumode) (WATP) |
|
El Wadi Co. For Touristic Investment (ELWA) |
Advanced Pharmaceutical Packaging Co. (APPC) (APPC) |
|
National Societe Generale Bank (NSGB) |
Middle Egypt Flour Mills (CEFM) |
|
Marsa Marsa Alam For Tourism Development (MMAT) |
Rakta Paper Manufacturing (RAKT) |
|
North Africa Real Estate Investment (NOAF) |
Lecico Egypt (LCSW) |
|
Prime Holdings and Investments (PRMH) |
GlaxoSmithKline (BIOC) |
|
Atlas for Land Reclamation and Agricultural Processing (ALRA) |
Alexandria Container and Cargo Handling (ALCN) |
|
Cairo National Co. for Investment & Securities (KWIN) |
|
