Market watch: EGX ends Sunday with varied performance; gold prices rise

Ahram Online , Sunday 3 Dec 2023

The Egyptian Exchange (EGX) started the week with mixed performance, while the main index ended Sunday in the red territory, causing the market cap to lose EGP 11 billion.

Gold coins and USD notes. AI-generated image. DALL-E by OpenAI. ShareFacebookTwitterWhatsAppTelegram
Gold coins and USD notes. AI-generated image. DALL-E by OpenAI. ShareFacebookTwitterWhatsAppTelegramLinkedIn

However, gold prices increased midday and the gold pound coin gained EGP 120 in value.

Stock market

The EGX30 index declined by 0.66 percent, settling at 24,572 points.

Meanwhile, the SMEs index EGX70 rose by 0.56 percent to 5,304 points.

The EGX100 index increased by 0.53 percent to close at 7,686 points.

The market capitalization lost nearly EGP 11 billion, ending at around EGP 1,666 billion.

TAQA Arabia was the biggest winner in the market, surging by 19.96 percent to close at EGP 13.04 per share.

The greatest loser in the market was Asek Company for Mining (ASCOM), whose stock fell 11.88 percent to reach EGP 46.35 per share.

Gold purchase prices

The purchase price of 24-carat gold rose by EGP 17 to EGP 3,194 per gram on Sunday, compared to Thursday.

The 21-carat gold price increased by EGP 15 for purchase, recording EGP 2,795 per gram.

The 18-carat gold price went up EGP 13 to register EGP 2,396 per gram.

The price of the gold pound coin rose by EGP 120 to hit EGP 22,360 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 is valued at EGP 33.5436 for purchase and EGP 33.6984 for sale.

The Saudi riyal is priced at EGP 8.2177 for buying and EGP 8.2530 for selling.

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

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