Marketwatch: EGX30 peaks at 27,700 points on Sunday; 21-K gold hits EGP 3,510/gram

Ahram Online , Sunday 21 Jan 2024

The Egyptian Exchange (EGX) indices reached record levels on Sunday and the main index surpassed 27,700 points for the first time in its history.

AI generated photo showing gold bars and stock charts. Photo: DALL E 2 by Open AI.
AI generated photo showing gold bars and stock charts. Photo: DALL E 2 by Open AI.


Gold prices also achieved all-time highs, and the 21-carat peaked at EGP 3,510 per gram.

Stock market

The EGX30 index jumped by 3.27 percent, settling at 27,719 points, its highest level ever.

The EGX70 index surged by 2.26 percent, ending at nearly 6,478 points, and the EGX100 index grew by 2.68 percent, closing at 9,242 points.

Market cap gained around EGP 76 billion to end at EGP 1,962 billion.

Mohandes Insurance was the best performer in the market on Sunday, jumping 20 percent to end at EGP 22.02.

The worst performer today was Iron and Steel for Mines and Quarries, which dropped 5.75 percent to close at EGP 3.28.

Gold purchase prices

The purchase price of 24-carat gold surged EGP 125.5 to reach EGP 4,011 per gram on Sunday, compared to last week’s price.

The 21-carat gold price rose by EGP 100 to hit EGP 3,510 per gram, and the 18-carat gold price grew by EGP 94, recording EGP 3,008 per gram.

The gold pound reached EGP 28,080 for purchase, EGP 880 higher than last week.

*Prices reflect updates recorded as of midday.


The USD recorded between EGP 61 and EGP 62 in parallel market.

Sources told Ahram Online that the online platforms of the black market are indicating exaggerated prices, urging importers to set the USD at as high as EGP 85 prices for their contracts.

The USD supply is at its weakest this week, sources confirmed. 

The official EGP/USD exchange rate remained at EGP 30.8272 for buying and EGP 30.9586 for selling.

The euro is valued at EGP 33.5924 for purchase and EGP 33.7417 for sale.

The Saudi riyal is priced at EGP 8.2190 for buying and EGP 8.2545 for selling.

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

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