Market watch: Egyptian stock market indices end Wednesday all in red

Ahram Online , Wednesday 20 Sep 2023

The Egyptian Exchange (EGX) indices ended lower on Wednesday, after reaching historic heights on the previous session.

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

Stock market

The benchmark index EGX30 ended in the red on Wednesday after a 0.79 percent decline, closing at 19,797.23 points.

The EGX70 index fell 1.97 percent to end at 3,799.67 points. The EGX100 declined by 1.65 percent to hit 5,623.93 points.

The market capitalization lost EGP 12 billion, reaching nearly EGP 1,342 billion.

The biggest gainer for the day was the National Housing for Professional Syndicates, jumping 19.97 percent to close at EGP 28.6 per share.

The bourse's biggest loser for the day was Raya Contact Center. The stock fell 7.91 percent to close at EGP 2.91 per share.

Gold prices

A gram of 24-karat gold stood at EGP 2,502 for purchase.

A gram of 21-karat gold was valued at EGP 2,190.

The price of 18-carat gold reached EGP 1,877 per gram.

The gold pound settled at EGP 17,680.

*Prices reflect updates recorded as of midday.


With a buy rate of EGP 30.83 and a sell rate of EGP 30.96, the official rate between the EGP and USD remains stable.

The euro went down to EGP 32.99 for purchasing and EGP 33.14 for selling.

The Saudi riyal is priced at EGP 8.22 for buying and EGP 8.25 for selling.

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

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