Back to the complete issue
Sunday, 10 May 2020

EGX launches EGX100 Equal Weight Index

The bourse is launching today the EGX100 Equal Weight Index (EWI), which allocates constituents an equal weight of 1% on the first day of each quarterly review, according to an EGX press release (pdf). The launch follows the roll out of the EGX70 EWI earlier this year to replace the traditional index and allow tracker funds to better gauge the performance of their portfolios. The bourse issued a guidebook outlining its methodology.

The EGX100 and EGX70 EWI gauges will be reviewed every month, instead of six, similar to what happens with the benchmark EGX30 index. Constituents will be added or removed from the indices based on their monthly turnover.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.