Telecom Egypt joins FTSE EM index as EGX 30 slips 0.34%
The EGX 30 closed down 0.34% at 55,164.8 points on Aug. 24. Telecom Egypt joined the FTSE Emerging Markets Index after its market capitalization rose to $3.9 billion, according to Kalkine Media. The company was also upgraded to the FTSE Russell Emerging Mid Cap segment, according to Egypt's State Information Service. Corporate flow on Aug. 23 was otherwise led by 10 company filings, including board resolutions, AGM notices and half-year results across the Egyptian market.
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