EGYPT: The Egyptian Exchange (EGX) launched its first Shariah compliant index, EGX33, with its 33 component stocks selected after screening of EGX100 index companies. Representing 16 sectors listed on the EGX, Chairman Ahmed El Sheikh said the EGX33 Shariah index notional start date is the 1st January 2022, adding: “Investments in a single company should not exceed 15% of the fund’s net assets, or 20% of the securities of that company.”
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