Market watch: Egyptian Exchange re-breaks yesterday's historical levels: Gold still rising

Ahram Online , Monday 23 Oct 2023

The Egyptian Exchange (EGX) indices rebroke yesterday's historical records on Monday and the main index exceeded the 22,500-point threshold. Gold also is rising and the gold coin reached EGP 19,800 for purchase.

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

 

Stock market
 

EGX30 index jumped by 2.01 percent, settling at 22,572 points and the EGX70 index surged 1.97 percent, ending at 4,143.35 points.

The EGX100 index soared 2.29 percent index to close at 6,296.02 points.

The market capitalization gained more than EGP 52 billion, ending at EGP 1,560 billion.

Misr Fertilizers Production Company (Mopco) was the biggest winner in the market. The stock surged 20 percent to close at EGP 712.80 per share.

The greatest loser on the market today was Lecico Egypt after the stock fell 4.42 percent to end at EGP 14.05 per share.

Gold purchase prices
 

On Monday, the purchase price of 24-carat gold reached EGP 2,829 per gram, EGP 35 higher than on Sunday.

The 21-carat gold price increased by EGP 30 to EGP 2,475 per gram.

The 18-carat gold price rose by 25 to EGP 2,121 per gram.

The price of a pound of gold jumped EGP 240, recording EGP 19,800 for purchase.

*Prices reflect updates recorded as of midday.

Currencies
 

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 32.69 for purchases and EGP 32.84 for sales.

The Saudi riyal is 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 Egypt Gold Price Today.

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