Market watch: Egyptian Exchange remains at historic highs on Wednesday

Ahram Online , Wednesday 18 Oct 2023

The Egyptian Exchange (EGX) indices closed near yesterday’s levels on Wednesday and the benchmark index EGX30 added 53 points to its historic high, reaching another milestone.

EGX trading hall.
EGX trading hall. Ahram Gate.


EGX30 index edged higher by 0.20 percent to settle at 22,117.4 points, while the EGX70 index rose by 0.14 percent to end at 3,876.45 points.

On the other hand, the EGX100 inched lower 0.06 percent to close at 5,946.33 points.

The market capitalization remained almost the same at EGP 1,504 billion.

Wadi Kom Ombo Land Reclamation was the biggest winner in the market, surging 19.95 percent to close at EGP 42.38 per share.

The greatest loser was Egyptian Kuwaiti Holding, which fell 7.73 percent to end at EGP 48.09 per share.

Gold purchase prices

On Wednesday, the purchase price of 24-carat gold reached EGP 2,651 per gram on Wednesday.

The 21-carat gold price hit EGP 2,320 per gram.

The 18-carat gold price settled at EGP 1,988 per gram.

The price of a pound of gold stands at EGP 18,720.

*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 purchases and EGP 32.68 for sales.

The Saudi riyal is priced at EGP 8.22 to buy and EGP 8.25 to sell.

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

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