Nine companies switched on Egypt's main stock index on Aug 1st

Nine companies will be switched on the Egyptian stock exchange's EGX30, its main benchmark, as part of its semi-annual maintenance schedule.

The companies to be added are: Al Baraka Bank Egypt; Alexandria Mineral Oils Company; Amer Group Holding; Arab Gathering Investments; Ceramic & Porcelain; Giza General Contracting; Sidi Kerir Petrochemicals; Sinai Cement, and United Housing and Development.

They will replace the following nine companies on the EGX30: Arab Polivara Spinning & Weaving; Arabia Investments Development Financial Investment Holding Company; Egypt for Poultry; Egyptians Housing Development & Reconstruction; Cairo Housing; Natural Gas & Mining Project (Egypt Gas); Nile Cotton Ginning, Sharkia National Food, and South Valley Cement.

The rebalance of the index will be effective on 1 August.