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Egyptian firms boost emerging market index
Egyptian Telecom, Talaat Mustafa Group, and Commercial International Bank have successfully met the requirements for mid-cap companies, strengthening their presence in emerging market indices. This achievement supports their ability to attract global investments and represents an important step in advancing the Egyptian financial market, especially after the market was removed from the FTSE Russell watch list. Egyptian Telecom was the latest company to be upgraded to the mid-cap segment, with its market value rising from $3.9 billion to $4.8 billion over three months, driven by improved financial performance and liquidity.
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