Market watch: Egyptian Exchange starts week with varied performance; gold prices rise

Sunday 26 Nov 2023

The Egyptian Exchange (EGX) indices started the week with mixed performance and the market cap lost EGP 9 billion, while gold prices rose and the 24 carats reached EGP 3,189 per gram.

File Photo: A general view of the Egyptian stock exchange in Cairo
File Photo: A general view of the Egyptian stock exchange in Cairo


Stock market

The EGX30 index declined by 0.86 percent, settling at 25,300.32 points. 

Meanwhile, the EGX70 index rose by 0.52 percent, ending at 5,091.54 points.

The EGX100 index increased by 0.3 percent to close at 7,466.08 points.

The market capitalization lost nearly EGP 9 billion, ending at around EGP 1,702 billion.

Northern Upper Egypt Development and Agricultural Production was the biggest winner in the market, surging by 19.64 percent to close at EGP 2.68 per share.

The greatest loser in the market was El-Nozha International Hospital. The stock fell 5.75 percent to reach EGP 9.02 per share.

Gold purchase prices

The purchase price of 24-carat gold rose by EGP 46 to EGP 3,189 per gram, compared to prices on Thursday.

The 21-carat gold increased by EGP 40 to EGP 2,790 per gram.

The 18-carat gold prices reached EGP 2,391 on Sunday, EGP 34 higher than on Thursday.

The price of the gold pound coin stood at EGP 22,320 for purchase, up from EGP 21,920 last week.

*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 33.7256 for purchase and EGP 33.878 for sale.

The Saudi riyal is priced at EGP 8.22 for buying and EGP 8.2545 for selling.

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


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