About the Index
The Egyptian EGX30 Index is the most important index on the Egyptian Stock Exchange.
It reflects the overall performance of companies listed on the Egyptian market.
The index comprises the 30 most liquid companies by market capitalization.
Each company must have at least a certain free float percentage (15%) to be considered an active participant in trading on the Egyptian Stock Exchange.
The index weight is calculated using the following formula:
Number of listed shares × Share price × Free float percentage.
Key Sectors
The index includes many different and diverse sectors.
Here are the most important sectors and their estimated weights according to the EGX30 ETF.
Banking sector by 30.4%
Real Estate sector by 14.7%
Technology and Communications sector by 12.2%
Non-Banking Financial Services sector by 11.6%
Food and Beverage sector by 11.3%
Basic Resources sector by 8.9%
Major companies listed in the sector
Telecom Egypt
Talaat Moustafa Group
Pluton Holding
Orascom Development
Raya Holding
Fawry
Ibn Sina Pharma
Housing and Development Bank
Suez Canal Bank
CIB Bank
Trading hours for the index
Discovery session: 9:30 AM to approximately 9:50-10:00 AM
Continuous trading session: 10:00 AM to approximately 2:15 PM
Final auction session: approximately 2:15 PM to 2:30 PM
Trading days are from Sunday to Thursday.
The weekend is Friday and Saturday.
Advantages of trading the index
- Easy trading of the index through exchange-traded funds (ETFs), such as the EGX30 ETF.
- Ability to track the performance of the Egyptian market through the index.
- High transparency in the index, as its components are publicly disclosed and updated regularly.
- Diversification across different sectors.
- The possibility of foreign investment.
Disadvantages of trading the index
- Strong concentration on certain sectors, such as the banking sector.
- Influence on large companies, such as CIB Bank and Talaat Moustafa Group.
- High volatility, as the Egyptian market is still considered an emerging market.
Therefore, it is affected by economic and political news.
- Influence on the exchange rate of the Egyptian pound.
- Strong impact from political and economic news.
Tips Before Trading the Index
1. Follow central bank news, interest rate decisions, and exchange rate updates.
2. Monitor the performance of investment funds specializing in the index.
3. Follow news related to major companies, as it impacts the index's movement.
4. Monitor the index's technical movements daily and update them regularly.
5. Exercise caution while trading and ensure you have a strong money management system in place.
