Market watch: Egyptian Exchange ends Tuesday at mixed performance; gold prices decline

Ahram Online , Tuesday 5 Dec 2023

The Egyptian Exchange (EGX) indices had mixed performance on Tuesday and the market cap lost EGP 6 billion.

File Photo: The Egyptian Exchange (EGX). Al-Ahram
File Photo: The Egyptian Exchange (EGX). Al-Ahram

 

Gold prices declined and the gold coin pound lost EGP 160 of its value.

Stock market
 

The EGX30 index inched down 0.54 percent, settling at 25,128 points.

Meanwhile, the SMEs index EGX70 rose by 0.75 percent to 5,425 points.

The EGX100 index inched higher 0.33 percent to close at 7,866 points.

The market capitalization declined by EGP 6 billion, ending at around EGP 1,699 billion.

Asek Company for Mining (ASCOM) was the biggest winner in the market, surging by 20 percent to close at EGP 52.93 per share.

The greatest losing stock in the market was Arab Co. for Asset Management and Development, falling 25.39 percent to reach EGP 2.7 per share.

Gold purchase prices
 

The purchase price of 24-carat gold lost EGP 23 on Tuesday, recording EGP 3,200 per gram.

The 21-carat gold price decreased by EGP 20 for purchase to reach a value of EGP 2,800 per gram.

The 18-carat gold price went down EGP 17 to register EGP 2,400 per gram.

The gold pound coin price declined by EGP 160 to hit EGP 22,400 for purchase.

*Prices reflect updates recorded as of midday.

Currencies
 

With a buy rate of EGP 30.8249 and a sell rate of EGP 30.9557, the official EGP/USD exchange rate remains stable.

The euro is valued at EGP 33.3463 for purchase and EGP 33.5003 for sale.

The Saudi riyal is priced at EGP 8.218 for buying and EGP 8.2535 for selling.

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

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