Market watch: Gold prices, stocks rebound on Thursday

Ahram Online , Thursday 1 Jun 2023

Gold continues its recovery on Thursday, while the Egyptian Exchange's market cap gained around EGP 3 billion.

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


Gold prices

- The 24 karat per-gram price increased by EGP 11.5 to EGP 2,651.5.

- The 21 karat gained EGP 10 per gram to reach EGP 2,320.

- The 18 karat per-gram price rose by EGP 8.5 to EGP 1,988.5.

- The gold pound was priced at EGP 18,560, EGP 80 higher than Wednesday's price.

*Prices reflect updates recorded by midday.

Stock market

- EGX30 rose 0.21 percent to close at 17,533.31 points.

- EGX70 jumped 1.22 percent to end at 3,289.54 points.

- EGX100 climbed by 1.08 percent to 4,927.76 points.

- Market cap gained nearly EGP 3 billion to close at EGP 1.140 trillion on Thursday, up from EGP 1.137 trillion on Wednesday.

- Top gainer in the market was Cairo Oils & Soap after rising by 19.55 percent to close at EGP 0.214.

- Top loser was Beltone Financial Holding, with an 8.14 percent decline, ending at EGP 5.530.


- The dollar remains stable in the official market, trading at EGP 30.84 for purchase and EGP 30.94 for sale.

- The euro inched slightly lower to EGP 32.93 for purchase and EGP 33.05 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.

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