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MSCI adds Egyptian firms to global indexes, removes 2 from small-cap index

MSCI adds Egyptian firms to global indexes, removes 2 from small-cap index

ArabFinance: EFG Hermes Holding (HRHO) is set to be added to the MSCI Global Standard Index after its deletion from the MSCI Global Small Cap Indexes, according to the semi-annual review conducted by the New York-based MSCI Inc.

Moreover, Fawry for Banking Technology and Electronic Payment (FWRY) will be moved from the standard index to the MSCI Global Small Cap Index, the American finance company added in its review.

Meanwhile, Egypt’s first fintech platform e-finance for Digital and Financial Investments (EFIH) will make its debut in the small-cap index.

On the other hand, real estate development companies Heliopolis Housing and Development (HHD) (HELI) and Palm Hills Development Company (PHDC) will be removed from the MSCI Global Small Cap Index.

The aforementioned changes will be effective as of May 31st.

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