Market watch: Egyptian stocks gain EGP 19 bln in market cap; gold recovers on Tuesday

Ahram Online , Tuesday 30 May 2023

The price of gold increased by EGP 160. The Egyptian Exchange's market capitalization gained EGP 19 billion

Jewellery store in Egypt.
Jewellery store in Egypt. Ahram Gate.

Gold prices

- The 24 karat per-gram price rose by EGP 23 to EGP 2,651.5.

- The 21 karat declined by EGP 20 per gram to reach EGP 2,320.

- The 18 karat per-gram price slipped EGP 17 to EGP 1,988.5.

- The gold pound was priced at EGP 18,560, EGP 160 higher than Monday's price.

*Prices reflect updates recorded by midday.

Stock market

- EGX30 increased by 1.88 percent to close at 17,534.59 points.

- EGX70 inched up by 0.77 percent to end at 3,263.91 points.

- EGX100 rose by 1.13 percent to hit 4,899.03 points.

- Market cap gained EGP 19 billion to close at EGP 1.138 trillion on Tuesday, up from EGP 1.119 trillion on Monday.

Top gainer in the market was Middle Egypt Flour Mills after rising by 12.29 percent to close at EGP 41.58.

Top loser was Northern Upper Egypt Development & Agricultural Production, with a 5.33 percent decline, ending at EGP 1.617


- The dollar remains stable in the official market, trading at EGP 30.83 for purchase and EGP 30.95 for sale.

- The euro slipped to EGP 33.03 for purchase and EGP 33.17 for sale.

- The Saudi riyal stabilized at EGP 8.22 for purchase and EGP 8.25 for sale.

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

Short link: