Market watch: Egyptian bourse ends in green Sunday; gold inched higher

Ahram Online , Sunday 6 Aug 2023

The Egyptian Exchange (EGX) indices saw positive trading on Sunday with the market cap gaining EGP 17 billion. Gold rose slightly higher.

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

 

Stock market

The leading index EGX30 rose by 1.41 percent to end at 17,697.49 points.

The EGX70 index increased by 1.16 percent to close at 3,566.32 points. 

EGX100 grew by 1.49 percent to close at 5,274.18 points.

Market capitalization jumped by nearly EGP 17 billion on Sunday to over EGP 1,200 billion.

The top gainer was Heliopolis Housing, which surged about 11.29 percent to close at EGP 12.1 per share.

The top loser was Extracted Oils after falling 4.75 percent to close at nearly EGP 1.8 per share.

 

Gold prices

The price of 24-carat gold inched higher by EGP 6 to EGP 2,457.25 per gram.

21-carat gold increased by EGP 5 to EGP 2,150 per gram.

18-carat gold is priced at EGP 1,842.75 per gram, EGP 4 higher than Thursday's price.

The gold pound price rose by EGP 40 to EGP 17,200.

*Prices reflect updates recorded as of midday.

 

Currencies

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 33.94 and sold at EGP 34.09.

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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