EGX trading hall. Ahram Gate.
The EGX based its decision on a survey of 17 companies, research centres, asset managers, and investment funds, where 94 percent reported not using the index.
The EGX50, which was launched in 2015, includes 50 stocks in a wide variety of sectors.
The Egyptian Exchange suffered negative performance for the second day in a row on Tuesday with the market cap losing EGP 5 billion.
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