Market Watch: Egyptian Exchange recovers early losses at week's start; gold prices increase

Ahram Online , Monday 9 Oct 2023

The Egyptian Exchange (EGX) changed its direction to end the second session of the current week in the green, and the main index recovered. Gold prices increased.

Egyptian Exchange trading hall.
Egyptian Exchange trading hall.


Stock market

The benchmark EGX30 index rose by 0.27 percent to settle at 19,409.78 points.

The EGX70 index closed at 3,611.52 points, up 0.79 percent.

Finishing at 5,369.86 points, the EGX100 increased by 0.55 percent.

The market capitalization lost EGP 23 billion, recording EGP 1,299 billion.

The biggest gainer was Ismailia National Food Industries, which surged 19.66 percent to close at EGP 65.74 per share.

The greatest loser was Grand Investment Capital, which fell 17.78 percent to end at EGP 6.75 per share.

Gold prices

The price of 24-carat gold jumped by EGP 63 to reach EGP 2,531 per gram.

The 21-carat gold price increased by EGP 50 to hit EGP 2,215 per gram.

The 18-carat gold price rose by EGP 25 to EGP 1,898 per gram.

The price of a pound of gold reached EGP 17,680 on Monday, EGP 200 higher than Sunday.

*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 is valued at EGP 32.4 for purchases and EGP 32.6 for sales.

The Saudi riyal is priced at EGP 8.22 to buy and EGP 8.24 to sell.

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


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