Market watch: Gold pound slips on Monday; Egypt's bourse benchmark breaks above 17.2k points

Ahram Online , Monday 29 May 2023

Gold prices started a downward trajectory after a few days of stability, while the Egyptian Exchange's benchmark, EGX30, inched up 0.47 percent to go over 17,200 points.

AI generated photo showing gold coins and USD notes. Photo: DALL E 2 by Open AI.
AI generated photo showing gold coins and USD notes. Photo: DALL E 2 by Open AI.

 

Gold prices


- The 24 karat per-gram price decreased by EGP 28.75 to EGP 2,628.5.

- The 21 karat per-gram declined by EGP 35 to EGP 2,300.

- The 18 karat per-gram price slipped EGP 20.5 to EGP 1,971.5.

- The gold pound was priced at EGP 18,400, EGP 200 lower than Sunday's price.

*Prices reflect updates recorded by midday.

 

Stock market


- EGX30 increased by 0.47 percent to close at 17,211.84 points.

- EGX70 surged by 1.23 percent to end at 3,239.01 points.

- EGX100 jumped 1.17 percent to hit 4,844.5 points.

- Market cap stabilized at EGP 1.1 trillion.

Top gainer in the market was Cairo Oils & Soap after rising by 20 percent to close at EGP 0.198.

Top loser was Amer Group Holding, with a plunge of 24.43 percent, ending at EGP 22.6.

 

Currencies


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

- The euro stood at EGP 33.07 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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