Market watch: EGX30 surpasses 30,000 points on Tuesday; gold prices show stability

Ahram Online , Tuesday 30 Jan 2024

The Egyptian Exchange (EGX) closed in the green on Tuesday, with the EGX30 index surpassing 30,000 points. Meanwhile, gold prices remained relatively steady.

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


Stock market

The EGX30 index soared by 3.83 percent, concluding Tuesday's session at 30,347 points.

Moreover, the EGX70 index experienced a 2.13 percent increase, settling at 6,940 points, while the EGX100 index rose by 2.32 percent, closing at 9,860 points.

The market cap gained around EGP 72 billion compared to Sunday's session, reaching a total of over EGP 2,121 billion.

Iron And Steel for Mines and Quarries was the best performer in the market on Tuesday, jumping 20 percent to end at EGP 4.62.

Today's worst performer was Delta for Printing and Packaging, which dropped 4.95 percent to close at EGP 37.99.

Gold purchase prices

The purchase price of 24-carat gold decreased by EGP 30, reaching EGP 4,342 per gram on Tuesday, compared to the previous day's prices.

The prices of 21-carat and 18-carat gold remained stable, with values recorded at EGP 3,800 and EGP 3,257 per gram, respectively.

The gold pound coin maintained its purchase price of EGP 30,400, reflecting no change from the previous day.

*Prices reflect updates recorded as of midday.


The official EGP/USD exchange rate remained at EGP 30.8414 for buying and EGP 30.9386 for selling.

The euro is valued at EGP 33.4229 for purchase and EGP 33.5343 for sale.

The Saudi riyal is priced at EGP 8.2239 for buying and EGP 8.2503 for selling.

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

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