Market watch: Gold stabilizes in Egypt on Sunday; EGX remains positive

Ahram Online , Sunday 28 May 2023

Gold prices in Egypt stabilized on Sunday after nearly two weeks of fluctuations, while the Egyptian Exchange kept its positive performance.

Gold bars and stock charts.
AI generated photo showing gold bars and stock charts. Photo: DALL E 2 by Open AI.


Gold prices

- The 24 karat per-gram price inched higher to EGP 2,657.25.

- The 21 karat per gram witnessed a slight increase to EGP 2,325.

- The 18 karat per-gram price stood at EGP 1,992.

- The gold pound was priced at EGP 18,600.

*Prices reflect updates recorded by midday.


Stock market

- EGX30 increased by 0.52 percent to close at 17,131.45 points.

- EGX70 surged by 3.15 percent to end at 3,199.59 points.

- EGX100 jumped 2.63 percent to hit 4,788.42 points.

- Market cap stabilized at EGP 1.1 trillion.

- Top gainer in the market was A Capital Holding after rising by 30.99 percent to close at 0.279.

- Top loser was Amer Group Holding, with a decline of 5.65 percent, ending at EGP 0.468.



- The dollar remains stable in the official market, trading at EGP 30.83 for purchase and EGP 30.95 for sale.

- The euro slipped to EGP 33.06 for purchase and EGP 33.20 for sale.

- The Saudi riyal stabilized at EGP 8.22 for purchase and EGP 8.25 for sale.


*Sources: The Central Bank of Egypt's official exchange rates, the Egyptian Stock Exchange, and iSagha.

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