MSCI deletes Egypt's Ibnsina Pharma from Small Cap Index, adds two companies

The MSCI Emerging Markets Index includes three Arab countries

  
Omar Abdel Gawad, Co-Founder and Co-CEO of Ibnsina Pharma Egypt speaks during an interview with Reuters in Cairo, Egypt December 5, 2017.

Omar Abdel Gawad, Co-Founder and Co-CEO of Ibnsina Pharma Egypt speaks during an interview with Reuters in Cairo, Egypt December 5, 2017.

REUTERS/Ehab Farouk
Cairo - The MSCI Global Small Cap Index has added Elsewedy Electric Co and Misr Fertilizers Production Co (Mopco) to its list while deleting Ibnsina Pharma, according to the MSCI semi-annual index review.

The changes in the MSCI Global Small Cap Index will take place as of 27 May 2021.

With 27 countries, the MSCI Emerging Markets Index captures over 1,300 large and mid-cap securities, according to the MSCI's official website.

The MSCI Emerging Markets Index includes three Arab countries, which are Egypt, the UAE, and Saudi Arabia.

Source: Mubasher

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