Market watch: Egypt's bourse indices close Thursday in green; gold prices edge lower

Ahram Online , Thursday 2 Nov 2023

The Egyptian Exchange (EGX) indices rebounded on Thursday. The main index, EGX30, was the slowest grower in the market. Gold prices edged lower.

Egyptian Exchange trading hall. Al-Ahram Gate.
Egyptian Exchange trading hall. Al-Ahram Gate.


Stock market

The EGX30 index increased 0.92 percent, settling at 22,639.59 points, while the EGX70 index jumped 2.49 percent, ending at 4,412.82 points.

The EGX100 index surged 2.12 percent to close at 6,581.32 points.

The market capitalization gained nearly EGP 14 billion, ending at more than EGP 1,535 billion.

General Company For Land Reclamation, Development and Reconstruction was the biggest winner in the market. The stock surged 20 percent to close at EGP 57.67 per share.

The greatest loser in the market was Delta For Printing & Packaging. The stock fell 10.74 percent to end at EGP 41.79 per share.

Gold purchase prices

The purchase price of 24-carat gold reached EGP 2,903 per gram, EGP 34 lower compared to Wednesday.

The 21-carat gold price declined by EGP 30 to EGP 2,540 per gram.

The 18-carat gold price edged EGP 26 lower to EGP 2,177 per gram.

The price of the gold pound coin decreased by EGP 240, recording EGP 20,560 for purchase.

*Prices reflect updates recorded as of midday.


With a buy rate of EGP 30.8277 and a sell rate of EGP 30.9586, the official EGP/USD exchange rate remains stable.

The euro is valued at EGP 32.7822 for purchase and EGP 32.9337 for sale.

The Saudi riyal is priced at EGP 8.2172 to buy and EGP 8.2534 to sell.

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

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