Market watch: Egypt’s bourse closes Wednesday in red; gold remains stable

Ahram Online , Wednesday 27 Sep 2023

The Egyptian Exchange (EGX) indices ended in the red on Wednesday, shrugging off some of their gains in the past sessions, especially the main index. Gold prices are relatively the same.

EGX trading screen. Ahram Gate.
EGX trading screen. Ahram Gate.


Stock market

The benchmark index EGX30 declined by 0.89 percent, reaching 20,174.28 points.

The EGX70 index slipped 0.28 percent to end at 3,785.08 points.

The EGX100 index declined by 0.44 percent to hit 5,643.2 points.

The market capitalization lost EGP 8 billion, reaching nearly EGP 1,373 billion.

The biggest gainer for the day was Samad Misr (EGYFERT), jumping about 20 percent to close at EGP 56.42 per share.

The bourse's biggest loser for the day was El Ahram Co. For Printing And Packing. The stock fell 4.34 percent to close at EGP 6.83 per share.

Gold prices

On Tuesday, a gram of 24-karat gold stood at EGP 2,509 to buy.

A gram of 21-karat gold was valued at EGP 2,196.

The price of 18-carat gold reached EGP 1,882 per gram.

The gold pound settled at EGP 17,684.

*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 32.53 for purchasing and EGP 32.67 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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