Market watch: Egyptian Exchange ends marginally higher on Monday; gold stabilized

Ahram Online , Monday 31 Jul 2023

The Egyptian Exchange indices have not moved considerably since yesterday. However, the market ended Monday on a positive note, with a marginal rise across the board. Meanwhile, gold remained at Sunday's levels.

Gold coins and USD notes. AI-generated image. DALL-E by OpenAI.
Gold coins and USD notes. AI-generated image. DALL-E by OpenAI.

 

Stock market

The leading index EGX30 rose by 0.24 percent to end at 17,595.92 points.

The EGX70 index inched higher 0.37 percent to close at 3,530.92 points. 

EGX100 increased by 0.49 percent to close at 5,217.86 points.

Market capitalization increased marginally by EGP 1 billion on Thursday to over EGP 1,190 billion.

Top gainer was Delta Construction & Rebuilding, which surged 14.83 percent to close at EGP 20.9 per share.

Top loser was Integrated Diagnostics Holdings after falling 20 percent to close at nearly EGP 20.16 per share.

 

Gold prices

The price of 24-carat gold stood at EGP 2,445.75 per gram.

21-carat gold remained at EGP 2,140 per gram.

18-carat gold is priced at EGP 1,834.25 per gram, with no change from Sunday's price.

The gold pound price is maintained at 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 34.48. 

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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