The Egyptian Exchange (EGX) will launch a new low-volatility equity index, EGX35-LV, on Aug. 1 as part of efforts to diversify investment products and attract risk-averse investors, the bourse said on Tuesday. The index will track 35 of the most liquid companies with the lowest price swings, spanning 13 sectors to ensure broad market representation, the statement read. "The launch of the index is part of our strategy to offer diverse benchmarks that help investors make informed decisions based on different analytical tools," EGX Chairman Ahmed El-Sheikh said. "It will be an effective tool for institutions and funds following low-risk strategies." The EGX said the new gauge is expected to appeal to both retail and institutional investors seeking more stable returns, while allowing them to diversify portfolios and deepen the local capital market. Attribution: Amwal Al Ghad English
