By: Ahmed Allam
Cairo – Mubasher: The Egyptian Exchange (EGX) on Thursday revealed plans to launch a new index and to replace one with another during the next two months, the Egyptian bourse’s chairman said on Thursday.
This step is part of the EGX’s plan to restructure indices, Mohamed Farid added on the sidelines of a press conference.
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.
