Market watch: EGX indices end Tuesday at mixed results; gold prices rise

Ahram Online , Tuesday 12 Dec 2023

The Egyptian Exchange (EGX) indices achieved mixed performance on Tuesday after ending in the red territory for two consecutive sessions, while gold prices slightly increased.

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


Stock market

The EGX30 index edged lower 0.46 percent, settling at 24,071 points.

However, the SMEs index EGX70 increased by 0.22 percent to 5,122 points.

The EGX100 index shrank 0.02 percent to close at 7,439 points.

The market capitalization decreased by EGP 4 billion, ending at around EGP 1,611 billion.

The biggest winner was the Egyptian Modern Education Systems, for the second session in a row, surging by 20 percent to close at EGP 0.30 per share.

The greatest losing stock in the market was El-Nile Company for Pharmaceuticals and Chemical Industries, falling 13.84 percent to reach EGP 85.56 per share.

Gold purchase prices

The purchase price of 24-carat gold increased by EGP 12 on Tuesday, recording EGP 3,189 per gram.

The 21-carat gold price rose by EGP 10 for purchase to reach EGP 2,790 per gram.

The 18-carat gold price went up EGP 8 to register EGP 2,391 per gram.

The gold pound coin price inched higher by EGP 80 to hit EGP 22,320 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 33.2754 for purchase and EGP 33.4291 for sale.

The Saudi riyal is priced at EGP 8.2185 for buying and EGP 8.2539 for selling.

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

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