Market watch: Egypt's bourse breaks records again on Sunday; gold prices decrease

Ahram Online , Sunday 17 Sep 2023

The Egyptian Exchange’s (EGX) indices continued on their increasing trajectory for the third consecutive session on Sunday. The main index, EGX30, reached a new all-time-high above 19,600 points. Gold inched down.

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


Stock market

The benchmark index EGX30 increased by 0.66 percent, recording 19,668.82 points.

The EGX70 index rose by 0.40 percent to end at 3,854.39  points. The EGX100 grew by 0.58 percent, closing at 5,682.36 points.

The market capitalization gained over EGP 12 billion, reaching nearly EGP 1,326 billion.

The biggest gainer for the day was Egyptian for Tourism Resorts, jumping 11.74 percent to close at EGP 4.760 per share.

The bourse's biggest loser for the day was Copper For Commercial Investment and Real Estate Development. The stock fell 6 percent to close at EGP 0.486 per share.

Gold prices

A gram of 24-karat gold stood at EGP 2,486.25 for purchase on Sunday, EGP 11 lower than on

A gram of 21-karat gold was valued at EGP 2,176, EGP 9 lower than its level last week.

The price of 18-carat gold decreased by EGP 6 to reach EGP 1,864.75 per gram.

The gold pound settled at EGP 17,440, an EGP 40 decline.

*Prices reflect updates recorded as of midday.


With a buy rate of EGP 30.84 and a sell rate of EGP 30.93, the official rate between the EGP and USD remains stable.

The euro went down to EGP 32.86 for purchasing and EGP 32.97 for selling.

The Saudi riyal is priced at EGP 8.22 for buying and EGP 8.24 for selling.

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

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