Egypt’s stock exchange to launch shariah-compliant index at end-Q2

Egypt’s stock exchange (EGX) plans to launch a shariah-compliant index comprised of at least 30 listed companies by the end of the current quarter, said its chairman on Tuesday.

Speaking at a press conference in Cairo at the EGX headquarters, Ahmed El-Sheikh said the new index will have between 30 – 40 companies. “The EGX is working to complete listing six of these companies in the main market and three on the NILEX.” El-Sheikh added.