EGX 30 Index
The EGX 30 Index (formerly CASE 30 index) is the leading stock index in Egypt. It is calculated from the Egyptian Exchange ( EGX ), the Egyptian stock market in Cairo and comprises the 30 largest companies in the country.
Calculation
The EGX 30 is a price index and contains the top 30 companies in terms of liquidity and trading volume. To be included in the index, the company must be financially capable of acting, highly liquid, on the Egyptian Exchange ( EGX ) are traded and have at least 15 percent free float. This will ensure that shares the largest companies in the country and represent the index represents a serious market barometer for the Egyptian market.
The Index will be determined solely on the basis of share prices and adjusted only to income from subscription rights and special. The weighting is based on the market capitalization of the companies listed. Corporate actions such as stock splits have no ( distorting ) influence on the index. A review of the composition takes place twice a year ( February and August). The calculation is updated every 60 seconds during the EGX trading from 10:30 bis 14:30 clock clock local time ( 9:30 bis 13:30 clock clock CET).
History
Historical Overview
The index was 30 Index (base 1000 points) published on 1 January 1998 under the name CASE for the first time and calculated back to 1996. In the years 1997 and 1998 occurred in parts of the world financial, monetary and economic crises ( Asian crisis, Brazil crisis, the Russian crisis ). In the wake of the Egyptian leading index fell to 13 December 1998 was 35.9 percent, closing at 640.69 points. On 6 December 1999, the CASE 30 closed at 1015.40 points for the first time over the 1,000 -point mark. On 19 January 2000 he finished trading at 1291.53 points. That was in December 1998, an increase of 101.6 percent.
After the bursting of the speculative bubble in the technology sector ( dot-com bubble ), the stock index lost within the next two years, 65.5 percent of its value. On 28 January 2002 he graduated at 445.53 points. The date marks the end of the descent. As of early 2002, the CASE 30 began to rise again. On 5 July 2005, the stock market barometer overcame with a closing level of 5005.57 points for the first time the limit of 5,000 points and on 5 December 2007 with 10082.39 points for the first time the 10,000 -point mark. On 5 May 2008, the CASE finished 30 trading at an all time high of 11935.67 points. The gain since January 2002 is 2579.0 percent.
In July 2008, the 125 year old Cairo and Alexandria Stock Exchange ( CASE) was renamed Egyptian Exchange ( EGX ). To reflect this change, the CASE 30 index EGX 30 Index was renamed.
In the course of the international financial crisis in the U.S. real estate crisis originated in the summer of 2007, the index began to fall again. From the 3rd quarter of 2008, the crisis had an increasing impact on the real economy. As a result, stock prices plummeted worldwide. On 23 October 2008, the EGX 30 fell below the threshold of 5,000 points. A new low scored the stock market barometer on February 5, 2009, when it ended trading with 3389.31 points. This corresponds since May 5, 2008 A decrease of 71.6 percent. He was the biggest downfall in the history of the index. The February 5, 2009 marked the turning point of the descent. As of early 2009, the EGX 30 was back on the way up. Until April 27, 2010, it rose by 124.3 percent to a closing level of 7603.04 points.
The revolution in Egypt in 2011 led quickly to a sharp outflow of capital. On 27 January 2011, the Egyptian benchmark index fell by 10.52 per cent to close at 5646.50 points. On the day before the stock market barometer had lost 6.14 percent. Given the ongoing protests, the stock market was closed by order of the Securities and Exchange Commission from 28 January to 22 March 2011. On 23 September 2011, the first trading day after the riots, the index lost 8.92 percent of its value. In addition to the foreign investment has been tourism, one of the most important economic sectors in the country, come to a standstill. In addition, the industry produced under the capacity limits and the economy in general was weakened by a wave of strikes. The Egyptian stock market was closed a total of 38 days. From a trading halt of 40 days passes, the U.S. financial services provider Morgan Stanley Capital International (MSCI) a procedure, threatened at the end of the exclusion from the MSCI Emerging Markets Index.
On 28 December 2011, the EGX 30 closed at 3586.55 points. Since the high for the year on 5 January 2011 at 7210.41 points, the loss is 50.2 percent.
Highs
The overview shows the all-time highs of the EGX 30 Index.
Milestones
The table shows the milestones of the EGX 30 Index.
Annual development
The table shows the development of the back-calculated to 1996, EGX 30 Index.
Composition
The EGX 30 Index consists of the following values (as of 31 January 2011).