Market watch: Egyptian Exchange sees varied performance Monday; gold prices inch lower

Ahram Online , Monday 21 Aug 2023

The Egyptian Exchange ended with varied performance on Monday, with the main index edging lower by over 0.6 percent. Gold prices were marginally lower.

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


Stock market

The benchmark index EGX30 declined by 0.63 percent to end at 17,920.48 points.

The EGX70 index, on the other hand, rose by 0.92 percent to close at 3,674.77 points.

EGX100 grew by 0.55 percent to close at 5,399.36 points.

Market capitalization lost EGP 2 billion on Monday to reach EGP 1,220 billion.

The top gainer was International Agricultural Products, after surging 20 percent to close at EGP 9.5 per share.

The top loser was Cairo Pharmaceuticals, after falling 10.51 percent to close at EGP 40.3 per share on Monday.

Gold prices

The price of 24-carat gold inched down by EGP 11.25 to reach EGP 2,531.5 per gram.

21-carat gold decreased by EGP 10 to hit EGP 2,215 per gram.

18-carat gold price shrank by EGP 8.75 to EGP 1,898.5 per gram.

The price of a pound of gold reached EGP 17,720 on Sunday, EGP 80 lower than Sunday.

*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 33.59 and sold at EGP 33.74.

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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