Market watch: Egypt’s bourse ends Tuesday with mixed performance; gold prices inch higher

Ahram Online , Tuesday 24 Oct 2023

The Egyptian Exchange (EGX) ended Tuesday with mixed performance, with the main index suffering a marginal decline; gold prices are still rising albeit at a slower rate.

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


Stock market

EGX30 index declined by 0.86 percent, settling at 22,377.39 points, whereas EGX70 index increased by 0.82 percent, ending at 4,177.24 points.

The EGX100 index rose by 0.46 percent to close at 6,324.69 points.

The market capitalization lost more than EGP 10 billion, ending at nearly EGP 1,550 billion.

Wadi Kom Ombo Land Reclamation was the biggest winner in the market. The stock surged 20 percent to close at EGP 69.24 per share.

The greatest loser in the market today was Eastern Company after the stock fell 10.99 percent to end at EGP 24.30 per share.

Gold purchase prices

On Tuesday, the purchase price of 24-carat gold reached EGP 2,840 per gram, EGP 11 higher than on Monday.

The 21-carat gold price increased by EGP 10 to EGP 2,485 per gram.

The 18-carat gold price rose by EGP 9 to EGP 2,130 per gram.

The price of a pound of gold jumped EGP 80, recording EGP 19,880 for purchase.

*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 32.75 for purchases and EGP 32.89 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.

Short link: