The EGX said the new index will comprise 35 companies with the lowest price volatility among the most liquid firms, spanning 13 diverse sectors.
EGX Chairman Ahmed El-Sheikh stated the index aims to
provide varied tools for investors to make informed decisions and serve as an
"effective tool" for institutions and funds pursuing low-risk
strategies.
He added that the EGX anticipates the new index will draw individual and institutional investors seeking stable investments with fewer price fluctuations, ultimately deepening and diversifying the Egyptian stock market.