Market watch: EGX starts week in green; gold prices edge higher

Ahram Online , Sunday 5 Nov 2023

The Egyptian Exchange (EGX) started with week with a positive performance, with the main index gaining nearly 455 points. Gold prices edged higher and the gold pound coin inched higher by EGP 80.

AI generated photo showing gold bars and stock charts. Photo: DALL E 2 by Open AI.
AI generated photo showing gold bars and stock charts. Photo: DALL E 2 by Open AI.


Stock market

The EGX30 index surged by 2.01 percent, settling at 23,094.69 points, while the EGX70 index jumped 2.33 percent, ending at 4,515.47 points.

The EGX100 index increased by 2.2 percent to close at 6,726.34 points.

The market capitalization gained nearly EGP 25 billion, ending at more than EGP 1,559 billion.

El Ahli Investment and Development was the biggest winner in the market. The stock surged 19.99 percent to close at EGP 21.43 per share.

The greatest loser in the market was Egyptian Gulf Marseilia for Real Estate Investment. The stock fell 8.71 percent to end at EGP 1.268 per share.

Gold purchase prices

The purchase price of 24-carat gold reached EGP 2,949 per gram, EGP 46 higher compared to Thursday.

The 21-carat gold price increased by EGP 40 to EGP 2,580 per gram.

The 18-carat gold price edged EGP 34 higher to EGP 2,177 per gram.

The price of the gold pound coin rose by EGP 80, recording EGP 20,640 for purchase.

*Prices reflect updates recorded as of midday.


With a buy rate of EGP 30.8277 and a sell rate of EGP 30.9586, the official EGP/USD exchange rate remains stable.

The euro rose to EGP 33.0751 for purchase and EGP 33.2278 for sale.

The Saudi riyal is priced at EGP 8.2170 to buy and EGP 8.2523 to sell.

*Sources: The Central Bank of Egypt's official exchange rates, the Egyptian Exchange, and Egypt Gold Price Today.

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