Market watch: Egypt's stocks vary in performance on Thursday; Gold slightly lower

Ahram Online , Thursday 3 Aug 2023

The Egyptian Exchange (EGX) indices were flat on Thursday, with only marginal changes compared to the previous session. Meanwhile, gold inched lower.

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 leading index EGX30 inched down by 0.02 percent to end at 17,451.44 points.

The EGX70 index increased by 0.58 percent to close at 3,525.56 points. 

EGX100 rose by 0.49 percent to close at 5,196.85 points.

Market capitalization edged higher by about EGP 2 billion on Wednesday to over EGP 1,185 billion.

Top gainer was Mohandes Insurance, which surged about 18.94 percent to close at EGP 15.64 per share.

Top loser was General Silos & Storage after falling 4.84 percent to close at nearly EGP 90.7 per share.

Gold prices

The price of 24-carat gold inched lower by EGP 6 to EGP 2,451.5 per gram.

21-carat gold decreased by EGP 5 to EGP 2,145 per gram.

18-carat gold is priced at EGP 1,838.5 per gram, EGP 4 lower than Wednesday's price.

The gold pound price decreased by EGP 40 to EGP 17,160.

*Prices reflect updates recorded as of midday.


The official dollar exchange rate was stable, with a buy rate of EGP 30.83 and a sell rate of EGP 30.96.

The euro was bought at EGP 33.71 and sold at EGP 33.85.

The Saudi riyal was priced at 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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