Market watch: Egyptian Exchange ends in red on Wednesday; Gold prices unchanged

Ahram Online , Wednesday 23 Aug 2023

The Egyptian Exchange indices declined on Wednesday after neutral to positive performance over the first three sessions of the week. Gold prices haven't nearly changed mid-day.

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


Stock market

The benchmark EGX30 index decreased by 0.46 percent to close at 18,133.42 points.

The closing value of the EGX70 index was 3,679.98 points, down 0.98 percent.

To close at 5,413.93 points, the EGX100 edged lower by 0.92 percent.

On Wednesday, the market capitalisation decreased by EGP 5 billion, reaching EGP 1,233 billion.

Gadwa For Industrial Development was the greatest gainer, rising 13.39 percent to settle at EGP 1.668 per share.

Minapharm Pharmaceuticals was the biggest loser. On Wednesday, the stock decreased by 7.51 percent to settle at EGP 199.15 per share.


Gold prices

The cost of a gram of 24-karat gold inched up by a single pound to EGP 2,571.5.

The price of a gram of 21-karat gold remained at EGP 2,250.

The 18-karat gold price was unchanged at EGP 1,928.5 per gram.

The gold pound was priced at EGP 18,000.

*Prices reflect updates recorded as of midday.



The official exchange rate between Egyptian pounds and dollars was steady, with a purchase rate of EGP 30.83 and a sell rate of EGP 30.96.

The exchange rate for the euro was EGP 33.30 for purchase to EGP 33.45 for sale.

The exchange rate for the Saudi riyal was EGP 8.22 to buy and EGP 8.25 to sell.

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

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