Market watch: Egyptian stock market ends higher on Thursday; gold prices slightly lower

Ahram Online , Thursday 14 Sep 2023

The Egyptian Exchange’s (EGX) indices ended the week with a positive performance. The main index, EGX30, neared its all-time-high level. Gold inched down by EGP 5 for all karats and by EGP 40 for the pound coin.

Egyptian Exchange trading hall. Al-Ahram.
Egyptian Exchange trading hall. Al-Ahram.

 

Stock market
 

The benchmark index EGX30 rose by 0.92 percent, reaching 19,540.33 points.

The EGX70 index grew by 0.69 percent to end at 3,839 points. The EGX100 increased by 0.73 percent, closing at 5,649.37 points.

The market capitalization gained over EGP 10 billion, reaching nearly EGP 1,314 billion.

The biggest gainer for the day was Prime Holding, jumping 19.89 percent to close at EGP 0.681 per share.

The bourse's biggest loser for the day was Samad Misr (EGYFERT). The stock fell 5.73 percent to close at EGP 23.2 per share.

Gold prices
 

A gram of 24-karat gold stood at EGP 2,497.25 for purchase on Thursday, EGP 5 lower than on Wednesday.

A gram of 21-karat gold was valued at EGP 2,185, EGP 5 lower than a day before.

The price of 18-carat gold decreased by EGP 5 to reach EGP 1,872.75 per gram.

The gold pound settled at EGP 17,480, an EGP 40 decline from Wednesday.

*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 33.09 for purchasing and EGP 33.24 for selling.

The Saudi riyal is priced at EGP 8.22 for buying and EGP 8.25 for selling.

*Sources: The Central Bank of Egypt's official exchange rates, the Egyptian Exchange, and agriprice.

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