Market watch: Egypt's bourse starts Sunday in red; Gold prices edge higher

Ahram Online , Sunday 3 Sep 2023

The Egyptian Exchange (EGX) indices started the week with marginal declines, keeping must of their gains last week. Gold prices witnessed minor increase.

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

 

Stock market
 

The benchmark EGX30 index declined by 0.78 percent to settle at 18,726.01 points.

The EGX70 index closed at 3,812.36 points, down 0.45 percent.

Finishing at 5,566.59 points, the EGX100 slipped 0.56 percent.

The market capitalization lost EGP 8 billion, recording EGP 1,268 billion.

The biggest gainer was Misr Duty Free Shops, which rose 15.69 percent to close at EGP 20.35 per share.

The greatest loser was Golden Textiles & Clothes Wool, which fell 10.54 percent to close at EGP 13.16 per share.

Gold prices
 

A gram of 24-karat gold costs EGP 2,525.75 on Sunday, EGP 23 higher than on Thursday.

A gram of 21-karat gold rose by EGP 20 to EGP 2,190 over the same period.

The price of 18-carat gold climbed by EGP 17 to EGP 1,894.25 per gramme.

The gold pound was valued at EGP 17,680 on Sunday, higher by EGP 160 from Thursday.

*Prices reflect updates recorded as of midday.

Currencies
 

With a buy rate of EGP 30.83 and a sell rate of EGP 30.96, the official rate between Egyptian pounds and dollars remained stable.

The euro was valued at 33.21 EGP for purchases and 33.36 EGP for sales.

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.

Short link: