Market watch: Egyptian Exchange's main index hits seven-week high on Monday

Ahram Online , Monday 7 Aug 2023

The Egyptian Exchange (EGX) saw positive trading on Monday with the benchmark, EGX30, recording its highest level in about seven weeks. Gold inched lower.

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

 

Stock market
 

The leading index EGX30 rose by 0.8 percent to end at 17,839.48 points, reaching its highest level in nearly 47 sessions.

The EGX70 index increased by 0.82 percent to close at 3,595.48 points.

EGX100 grew by 0.89 percent to close at 5,320.95 points.

Market capitalization jumped by nearly EGP 17 billion on Sunday to over EGP 1,210 billion.

The top gainer was Cairo Poultry, which surged 8.45 percent to close at EGP 5.4 per share.

The top loser was Contact Financial Holding after falling 9.09 percent to close at nearly EGP 3.7 per share.

Gold prices
 

The price of 24-carat gold inched lower by EGP 6 to EGP 2,451.5 per gram.

21-carat gold decreased by EGP 5 to EGP 2,145 per gram.

18-carat gold is priced at EGP 1,838.5 per gram, EGP 4 lower than Sunday's price.

The gold pound price declined by EGP 40 to EGP 17,160.

*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 33.82 and sold at EGP 33.97.

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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