FRANKFURT, Germany (August 31, 2023) – Due to the current impediments to market accessibility in Egypt, MarketVector IndexesTM ("MarketVector") announces an update on the treatment of companies listed in Egypt and on the MVIS® Egypt Index (MVEGPT) until further notice.

The MVIS® Egypt Index (MVEGPT) will be frozen:

  • The reviews and rebalances will be suspended until further notice.
  • Index shares (i.e., Free float factor x Total Shares x Weighting cap factor) will not be updated; no constituent will be added or deleted at the review.
  • Price movements and FX rate changes will still be considered for the index calculation.
  • MarketVector may change the listing of companies to a market/exchange where the company trades to provide a more realistic price of the stock. In this case, this event will be implemented in a divisor and weight-neutral way.
  • All corporate actions will continue to be applied. Share changes will be not applied.

 For all other equity indexes, the following will apply:

  • Companies listed in Egyptian exchanges will not qualify for selection.
  • Companies that are related to Egypt (i.e., incorporated or headquartered in Egypt) but listed in an exchange outside Egypt will continue to qualify for selection in MarketVector.

Best regards,

MarketVector IndexesTM