EGX announces index reshuffle as updated rules take effect
· Egyptian market news · EGX30
Four names are graduating to the EGX30, while four drop out under the exchange’s newly overhauled index methodology. semi-annual index review (pdf)
The EGX30 is no longer just a liquidity contest:
Where they’re coming from:
For the EGX70, a new buffer rule lets existing constituents keep their seats as long as they still rank in the top 85 companies by average daily traded value
REFRESHER- new review calendar
What this means in practice
For new entrants, benchmark membership converts into standing demand
The demotees aren’t exiled.
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