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FTSE Maintains Egypt in Emerging Market
FTSE Russell announces that Egypt will remain classified within the Secondary Emerging Markets category after a comprehensive review. Egypt has made progress in meeting the minimum requirements for securities, which provides stability in its classification and avoids a downgrade to a frontier market. The decision reflects that the Egyptian market has met the criteria related to liquidity size and the number of securities, thereby enhancing foreign investors’ access and confirming its stability within the Secondary Emerging Markets category. However, the classification does not reach the level of developed markets, and it is noted that future developments will require monitoring liquidity and the availability of securities to maintain the classification.
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