Market watch: Egyptian Exchange indices close higher on Wednesday

Ahram Online , Wednesday 13 Sep 2023

The Egyptian Exchange (EGX) achieved a positive performance on Wednesday, shrugging off the losses of the two previous sessions. Gold prices increased marginally.

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 benchmark index EGX30 rose 1.14 percent, reaching 19,361.7 points.

The EGX70 index grew 0.9 percent to end at 3,812.54 points. The EGX100 increased by 0.91 percent, closing at 5,608.69 points.

The market capitalization gained over EGP 5 billion, reaching nearly EGP 1,304 billion.

The biggest gainer for the day was International Agricultural Products after the stock jumped 8.81 percent to close at EGP 12.8 per share.

The bourse's biggest loser for the day was Copper For Commercial Investment & Real Estate Development. The stock fell 10.55 percent to close at EGP 0.5 per share.

Gold prices
 

A gram of 24-karat gold stood at EGP 2,502.75 for purchase on Wednesday, EGP 3 higher than on Tuesday.

A gram of 21-karat gold was valued at EGP 2,190, EGP 3 higher than a day before.

The price of 18-carat gold increased by EGP 3 to reach EGP 1,877.25 per gram.

The gold pound settled at EGP 17,520, an EGP 24 rise from Tuesday.

*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 the EGP and USD remains stable.

The euro is valued at EGP 33.10 for purchases and EGP 33.24 for selling.

The Saudi riyal is 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 agriprice.

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