VOL. XLI

No. 35

31-August-1998

EGYPT

CMA To Launch New Share Index

Egypt's Capital Markets Authority (CMA) announced on 24 August that it will launch anew stock market index of the bourse's most actively traded shares, in coordination with TheFinancial Times newspaper, owned by the Pearson Group. The new index, currentlyreferred to as the FT/CMA index, is intended to provide a more accurate measure of themarket's activity than the existing CMA General Index, which tracks all 700 or socompanies...