EGX will be reviewing list of stocks meeting criteria for specialized activities twice a year instead of once. This will be at the same timing of the periodic review of the components of the key indicators Egyptian Stock Exchange (January and July of each year).
This comes after approval of the Financial Supervisory Authority on EGX proposal in this concern.
The amendments come in the framework of the keenness of EGX's management to increase the depth and efficiency of the market through the unification of the rules applicable to EGX, considering the effect of reducing the period of study when calculating these standards.
As part of the periodic review of existing stocks that meet criteria for specialized activities, EGX decided the following:
First: the following stocks will be added to the list effective 15/01/2014:
Atlas for land reclamation and agricultural industrialization
North Cairo Flour Mills
Arab Aluminum
Swedy Electric
Egypt Duty Free Shops
Union National Bank - Egypt
Exports Development Bank of Egypt
Delta Insurance
North Africa real estate investment
Reacap Financial Investments
Marsa Marsa Alam Tourism Development
ElWady Tourism Investment
Second: the following stocks will be deleted from the list as of 16/02/2014:
Cairo Poultry
Cairo Development and Investment
Egyptian Real Estate Group "Bearer"
El Nasr for Manufacturing Agricultural Crops
Orascom Construction Industries
Al Baraka Bank of Egypt
Housing & Development Bank
Glaxo Smith Kline
Juhayna Food Industries
Trans Oceans Tours
Kafr El Zayat Pesticides and Chemicals
Nozha International Hospital
Mina Pharm and Chemical Industries
Source: EGX.
