EGX launches EGX 100 price index
EGX Launches EGX 100 Price Index
In its continuous efforts to upgrade its services to market participants and help them tracking a larger segment of traded companies in the Egyptian market, the Egyptian Exchange (EGX) is launching a new price index; EGX 100 Price Index, on 2nd of August 2009, which tracks the performance of the 100 active companies, including both the 30 constituent-companies of EGX 30 Index and the 70 constituent-companies of EGX 70 Index. The new index will be computed and published throughout the session. EGX 100 index measures the change in the companies' closing prices, without being weighted by the market capitalization, and was retroactively computed as of 1 January 2006.