Market watch: Egyptian Exchange’s benchmark strikes new high above 20,350 points Tuesday

Ahram Online , Tuesday 26 Sep 2023

The Egyptian Exchange’s (EGX) main index surmounted its historic highs of the past two weeks on Tuesday, despite the decline of the EGX70 and EGX100 indices. Gold prices were maintained at yesterday’s levels.

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 reached a new high at 20,354.86, edging up by 0.17 percent.

On the other hand, the EGX70 index slipped 0.45 percent to end at 3,795.65 points, near its all-time high.

The EGX100 index declined by 0.35 percent to hit 5,667.91 points.

The market capitalization gained EGP 5 billion, reaching nearly EGP 1,381 billion.

The biggest gainer for the day was Delta For Printing & Packaging, jumping 20 percent to close at EGP 24 per share.

The bourse's biggest loser for the day was Misr National Steel - Ataqa. The stock fell 5.19 percent to close at EGP 1.75 per share.

Gold prices

On Tuesday, a gram of 24-karat gold stood at EGP 2,508 to buy.

A gram of 21-karat gold was valued at EGP 2,195.

The price of 18-carat gold reached EGP 1,981 per gram.

The gold pound settled at EGP 17,640.

*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 is valued at EGP 32.65 for purchasing and EGP 32.80 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 Ahram Gate.

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