Market watch: Egyptian Exchange ends positive on Thursday; gold prices crawl up

Ahram Online , Thursday 24 Aug 2023

The Egyptian Exchange indices ended all in the green territory at the final session of the week, with the benchmark breaking the 18,200-point threshold. Gold prices inched higher.

Stock image depicting stock market indices.
Stock image depicting stock market indices.

 

Stock market
 

The benchmark EGX30 index rose by 0.41 percent to close at 18,207.82 points.

The closing value of the EGX70 index was 3,702.17 points, up 0.6 percent.

The EGX100 grew by 0.55 percent to end at 5,443.64 points.

On Thursday, the market capitalization increased by EGP 6 billion, reaching EGP 1,239 billion.

Ceramic and Porcelain was the greatest gainer, surging 19.69 percent to settle at EGP 6.87 per share.

Delta Construction & Rebuilding was the biggest loser, tumbling 3.99 percent to end at EGP 18.06 per share.

Gold prices
 

The cost of a gram of 24-karat gold inched up by EGP 23 to EGP 2,594.25.

The price of a gram of 21-karat gold rose by EGP 20 to EGP 2,270.

The 18-karat gold price increased by EGP 17 to reach EGP 1,945.75 per gram.

The gold pound was priced at EGP 18,160, EGP 160 higher than yesterday.

*Prices reflect updates recorded as of midday.

Currencies
 

The official exchange rate between Egyptian pounds and dollars was steady, with a purchase rate of EGP 30.83 and a sell rate of EGP 30.96.

The exchange rate for the euro was EGP 33.46 for purchase to EGP 33.6 for sale.

The exchange rate for the Saudi riyal was 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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