Market watch: EGX starts week with mixed performance; gold prices edge higher

Ahram Online , Sunday 12 Nov 2023

The Egyptian Exchange (EGX) indices ended with mixed performance on Sunday, while gold prices inched higher.

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


Stock market

The EGX30 index dropped 1.65 percent, settling at 23,910.66 points.

Meanwhile, the EGX70 index grew 1.58 percent, ending at 4,732.43 points.

The EGX100 index increased by 0.74 percent to close at 6,960.46 points.

The market capitalization lost around EGP 20 billion, ending at around EGP 1,613 billion.

Golden Textiles and Clothes Wool was the biggest winner in the market for the second session in a row. The stock surged 19.96 percent to close at EGP 25.06 per share.

The greatest loser in the market was Osool ESB Securities Brokerage. The stock fell 9.20 percent to end at EGP 0.38 per share.

Gold purchase prices

The purchase price of 24-carat gold reached EGP 2,966 per gram, EGP 17 higher compared to Thursday.

The 21-carat gold price increased by EGP 15 to EGP 2,595 per gram.

The 18-carat gold price edged EGP 13 higher to EGP 2,224 per gram.

The price of the gold pound coin rose by EGP 120, recording EGP 20,760 for purchase.

*Prices reflect updates recorded as of midday.


With a buy rate of EGP 30.8306 and a sell rate of EGP 30.9586, the official EGP/USD exchange rate remains stable.

The euro is valued at EGP 32.9301 for purchase and EGP 33.0792 for sale.

The Saudi riyal is priced at EGP 8.2193 to buy and EGP 8.2539 to sell.

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

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