Market Watch: Egypt’s bourse closes Tuesday in red for second session

Ahram Online , Tuesday 3 Oct 2023

The Egyptian Exchange (EGX) continued on its declining trajectory for the second consecutive session on Tuesday, the benchmark index remains below 20,000 points. Gold prices increased.

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


Stock market

The benchmark index EGX30 inched down by 0.98 percent, reaching 19,706.96 points.

The EGX70 index declined by 0.98 percent as well to end at 3,712.45 points. The EGX100 went down 1.26 percent, closing at 5,501.66 points.

The market capitalization lost EGP 18 billion, reaching nearly EGP 1.339 billion.

The biggest gainer for the day was A Capital Holding whose stock jumped 14.05 percent to end at EGP 0.349 per share.

The bourse's biggest loser for the day was Egyptians For Investment & Urban Development. The stock fell 9.59 percent to close at EGP 0.66 per share.

Gold prices

A gram of 24-karat gold stood at EGP 2,452 for purchase on Tuesday, EGP 12 higher than on Monday.

A gram of 21-karat gold was valued at EGP 2,146 with an EGP 11 increase from the day before.

The price of 18-carat gold increased by EGP 8 to reach EGP 1,838 per gram.

The gold pound settled at EGP 17,200, an EGP 40 rise from Monday.

*Prices reflect updates recorded as of midday.


With a buy rate of EGP 30.84 and a sell rate of EGP 30.93, the official rate between the EGP and USD remains stable.

The euro is valued at EGP 32.28 for purchasing and EGP 32.40 for selling.

The Saudi riyal is priced at EGP 8.22 for buying and EGP 8.24 for selling.

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

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