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Nine companies switched on Egypt's main stock index Firms to be listed on the EGX30 as part of its semi-annual 'maintenance' include Al Baraka Bank, real estate giants the Amer Group, and Sidi Kerir Petrochemicals
Nine companies will be switched on the Egyptian stock exchange's EGX30, its main benchmark, as part of its semi-annual maintenance schedule. The companies to be added are: Al Baraka Bank Egypt; Alexandria Mineral Oils Company; Amer Group Holding; Arab Gathering Investments; Ceramic & Porcelain; Giza General Contracting; Sidi Kerir Petrochemicals; Sinai Cement, and United Housing and Development. They will replace the following nine companies on the EGX30: Arab Polivara Spinning & Weaving; Arabia Investments Development Financial Investment Holding Company; Egypt for Poultry; Egyptians Housing Development & Reconstruction; Cairo Housing; Natural Gas & Mining Project (Egypt Gas); Nile Cotton Ginning, Sharkia National Food, and South Valley Cement. The rebalance of the index will be effective on 1 August.