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Egyptian stocks exit Fitch Russell watchlist
FTSE Russell announced the exclusion of the Egyptian stock exchange from the Watch List, while keeping it within the secondary emerging markets category. This comes after it had been on the list since September 2025 due to a decline in the number of securities qualifying for FTSE Russell indices. The improved liquidity and the increase in the number of companies meeting the criteria—including three mid-cap and three small-cap companies—led to this positive change. The decision to remove the exchange from the Watch List reflects international confidence in the Egyptian market and is a significant step toward enhancing its attractiveness and attracting foreign investors. However, its actual impact on the market has been limited due to weak liquidity resulting from recent IPOs, reaffirming the market's resilience and supporting the ongoing development of the Egyptian capital market.
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