Market watch: EGX main index approaches targeted 20k, gold prices decrease

Ahram Online , Monday 18 Sep 2023

The Egyptian Exchange (EGX) reached a new milestone on Monday as the main index reached a new height on its way to the 20,000-point target. Gold prices declined.

Stock market trading screen. Stock image.
Stock market trading screen. Stock image.


Stock market

The benchmark index EGX30 reached a new all-time high at 19,751.7 points, rising 0.42 percent.

The EGX70 index grew by 0.94 percent to end at 3,854.39 points. The EGX100 increased by 0.73 percent, closing at 5,724.02 points.

The market capitalization gained over EGP 9 billion, reaching nearly EGP 1,335 billion.

The biggest gainer for the day was the Egyptian Modern Education Systems, jumping 19.62 percent to close at EGP 0.189 per share.

The bourse's biggest loser for the day was Misr National Steel - Ataqa. The stock fell 3.31 percent to close at EGP 1.781 per share.

Gold prices


A gram of 24-karat gold stood at EGP 2,480 for purchase on Monday, EGP 6.25 lower than on Sunday.

A gram of 21-karat gold was valued at EGP 2,170, EGP 6 lower than on Sunday.

The price of 18-carat gold decreased by EGP 4.75 to reach EGP 1,860 per gram.

The gold pound settled at EGP 17,360, recording an EGP 80 decline.

*Prices reflect updates recorded as of midday.


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 went down to EGP 32.88 for purchasing and EGP 33.03 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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