Market watch: Egypt’s bourse starts week green; main index reaches new summit

Ahram Online , Sunday 24 Sep 2023

The Egyptian Exchange (EGX) started the week with a positive performance and the main index jumped to a new height. Gold prices went down.

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


Stock market

The benchmark index EGX30 kept its latest habit of breaking its historic records, edging higher by 0.66 percent to reach 20,213.7 points.

On the other hand, the EGX70 index slipped 0.02 percent to end at 3,827.86 points, near its all-time high.

The EGX100 index rose by 0.1 percent to hit 5,680.91 points.

The market capitalization gained EGP 11 billion, reaching nearly EGP 1,368 billion.

The biggest gainer for the day was Egyptian Chemical Industries (Kima), jumping 13.01 percent to close at EGP 9.47 per share.

The biggest loser for the day was Misr Duty Free Shops. The stock fell 16.93 percent to close at EGP 19.97 per share.

Gold prices

On Sunday, a gram of 24-karat gold stood at EGP 2,520 for purchase, up EGP 34 lower from Thursday.

A gram of 21-karat gold was valued at EGP 2,205, EGP 30 lower.

The price of 18-carat gold reached EGP 1,894 per gram, decreasing EGP 21.

The gold pound settled at EGP 17,640, declining by EGP 240.

*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 is valued at EGP 32.84 for purchasing and EGP 32.99 for selling.

The Saudi riyal is priced at EGP 8.21 for buying and EGP 8.26 for selling.

*Sources: The Central Bank of Egypt's official exchange rates.

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