Market watch: Egyptian stocks end Tuesday in green; gold prices remain stable

Ahram Online , Tuesday 11 Jul 2023

The Egyptian Exchange ended in the green territory on Tuesday. Gold prices didn't move much from last week's levels.

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

 

Stock market
 

The benchmark index EGX30 jumped 1.13 percent to close at 17,155.23 points.

The EGX70 index rose 0.85 percent to end at 3,402.82 percent.

The EGX100 index inched up by 0.9 percent, closing at 5,053.93 points.

The market capitalization gained EGP 14 billion, reaching EGP 1.163 trillion.

EL Ezz Aldekhela Steel – Alexandria was the top gainer on the EGX on Tuesday, after surging 20 percent to close at a value of EGP 978.87.

Samad Misr –EGYFERT was the top loser, dropping by 14.2 percent and closing at EGP 19.88.

 

Gold prices
 

The price of 24-carat gold edged higher by nearly EGP 6 to EGP 2,474.25 per gram.

The price of 21-carat gold added EGP 5 to EGP 2,165 per gram.

The price of 18-carat gold per gram rose by about EGP 5 to EGP 1,855.75.

The price of the gold pound inched higher by EGP 40 to EGP 17,320.

*Prices reflect updates recorded as of midday.

 

Currencies
 

The official exchange rate for the dollar remained relatively stable, with a purchase rate of EGP 30.84 and a sale rate of EGP 30.96.

The euro edged higher to EGP 33.8 for buying and EGP 33.94 for selling.

The buying price of the Saudi riyal was EGP 8.22, and the selling price was EGP 8.25.

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

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