Cairo – Mubasher: The Egyptian Exchange (EGX) announced the launch of its new EGX 30 TR index, according to a statement on Thursday.
The new index includes the top 30 stocks in terms of turnover and activity and it is “weighted by the adjusted free floated market capitalisation,” the statement added.
The base date of the index is 1 February 2009 and the base value is set on 1,000 points.
EGX 30 TR Index gauges the total return on the underlying index, including the capital performance as well as the reinvested income using the announced dividends, depending on the last price rather than the closing price.
“EGX 30 TR index should help investors measure the total return on their investments in EGX, which not only includes the price change but also includes cash dividends distribution,” the EGX’s chairman, Mohamed Farid, said.
