An African market moving up the index-family ladder is not a category change for one country — it is a credibility export for the continent, and the kind of event indexation discipline exists to handle cleanly. The most important thing to understand about a market reclassification event is that it is not primarily about the market being reclassified. It is about what happens to everything around it when the label changes. Egypt is now close enough to a serious upward reclassi
