Market watch: Egypt's stocks start the week positively; Gold suffers marginal decline

Ahram Online , Sunday 30 Jul 2023

Egyptian stocks ended in the green territory on Sunday, and the benchmark was the best performer in the market. On the other hand, gold performed negatively, losing an average of EGP 10 per gram.

EGX trading hall. Ahram Gate.
EGX trading hall. Ahram Gate.

 

Stock market

The leading index EGX30 rose by 1.24 percent to end at 17,554.56 points.

The EGX70 index inched higher 0.04 percent to close at 3,517.81 points. 

EGX100 increased by 0.41 percent to close at 5,192.37 points.

Market capitalization increased by nearly EGP 10 billion on Thursday to over EGP 1,189 billion.

Top gainer was Universal For Paper and Packaging Materials (Unipack) surged 9.4 percent to close at EGP 0.477 per share.

Top loser was Naeem Holding after falling 4.31 percent to close at nearly EGP 0.111 per share.

 

Gold prices

The price of 24-carat gold declined by EGP 7 to EGP 2,445.75 per gram.

21-carat gold decreased by EGP 15 to EGP 2,140 per gram.

18-carat gold was down by about EGP 13, standing at EGP 1,834.25 per gram.

The gold pound price shrank by EGP 120 to EGP 17,120.

*Prices reflect updates recorded as of midday.

Currencies

The official dollar exchange rate was stable, with a buy rate of EGP 30.83 and a sell rate of EGP 30.96.

The euro was bought at EGP 34.33 and sold at EGP 34.47. 

The Saudi riyal was priced at EGP 8.22 to buy and EGP 8.25 to sell.

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

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