Market watch: Egypt’s bourse indices start the week with mixed performance

Ahram Online , Sunday 29 Oct 2023

The Egyptian Exchange (EGX) indices started the week with mixed performance and gold prices achieved gains.

Egyptian Exchange trading hall.
Egyptian Exchange trading hall.

Stock market

EGX30 index decreased by 0.75 percent, settling at a new all-time high of 23,086.72 points, while EGX70 index rose by 1.59 percent, ending at 4,408.3 points.

EGX100 index edged higher by 0.90 percent to close at 6,638.01 points.

The market capitalization lost nearly EGP 16 billion, ending at EGP 1,573 billion.

Acrow Misr was the biggest winner in the market. The stock surged 19.98 percent to close at EGP 45.10 per share.

The greatest loser in the market today was General Company for Land Reclamation, Development & Reconstruction. The stock fell 19.99 percent to end at EGP 58.48 per share.

Gold purchase prices

On Sunday, the purchase price of 24-carat gold reached EGP 2,949 per gram, EGP 22 lower compared to Thursday.

The 21-carat gold price increased by EGP 60 to EGP 2,580 per gram.

The 18-carat gold price rose by EGP 51 to EGP 2,211 per gram.

The price of the gold pound coin surged EGP 480, recording EGP 20,640 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 EGP/USD exchange rate remains stable.

The euro is valued at EGP 32.56 for purchase and EGP 32.71 for sale.

The Saudi riyal is priced at EGP 8.21 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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