Market Watch: Gold rise on Wednesday, EGX sees mixed results

Ahram Online , Wednesday 14 Jun 2023

Gold prices rose on Wednesday after a decline the day before, while the Egyptian Stock Exchange had mixed results.

Deflating gold prices

 

Gold prices
 

The price of 24-carat gold rose by EGP 5.75 on Wednesday to reach EGP 2,582.75 per gram.

The 21-carat gold price increased by EGP 5, recording EGP 2,260.

The price of 18-carat gold was up by EGP 4.25, reaching EGP 1,937.25 per gram.

The price of a gold pound increased by EGP 40 on Wednesday, reaching EGP 18,080.

*Prices reflect updates recorded by midday.
 

Stock market
 

EGX30 rose 0.04 percent and closed at 17,873.28 points.

EGX70 declined by 0.81 percent and closed at 3,503.27 points.

EGX100 inched lower by 0.73 percent to 5,206.1 points.

The market cap declined on Wednesday by around EGP 2 billion, compared to Tuesday, to end at around EGP 1.166 trillion.

The top gainer was A Capital Holding, rising 20 percent and closing at EGP 0.348.

The top loser was Misr Hotels, falling by 7.21 percent and closing at EGP 98.69.


Currencies

 

The official market's buying price for the dollar is EGP 30.84, and the selling price is around EGP 30.94, with no considerable fluctuations.

The euro rose slightly to nearly EGP 33.32 for buying and around EGP 33.44 for selling.

The Saudi riyal's buying price stands at EGP 8.22, and the selling price at EGP 8.25.
 

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

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