print logo

EGX reviews stocks for specialized activities twice a year

EGX will be reviewing list of stocks meeting criteria for specialized activities twice a year instead of once.
This will be at the same timing of the periodic review of the components of the key indicators Egyptian Stock Exchange (January and July of each year). This comes after approval of the Financial Supervisory Authority on EGX proposal in this concern.

The amendments come in the framework of the keenness of EGX's management to increase the depth and efficiency of the market through the unification of the rules applicable to EGX, considering the effect of reducing the period of study when calculating these standards.

As part of the periodic review of existing stocks that meet criteria for specialized activities, EGX decided the following:
First: the following stocks will be added to the list effective 15/01/2014:
- Atlas for land reclamation and agricultural industrialization
- North Cairo Flour Mills
- Arab Aluminum
- Swedy Electric
- Egypt Duty Free Shops
- Union National Bank - Egypt
- Exports Development Bank of Egypt
- Delta Insurance
- North Africa real estate investment
- Reacap Financial Investments
- Marsa Marsa Alam Tourism Development
- ElWady Tourism Investment

Second: the following stocks will be deleted from the list as of 16/02/2014:
- Cairo Poultry
- Cairo Development and Investment
- Egyptian Real Estate Group "Bearer"
- El Nasr for Manufacturing Agricultural Crops
- Orascom Construction Industries
- Al Baraka Bank of Egypt
- Housing & Development Bank
- Glaxo Smith Kline
- Juhayna Food Industries
- Trans Oceans Tours
- Kafr El Zayat Pesticides and Chemicals
- Nozha International Hospital
- Mina Pharm and Chemical Industries