Market watch: EGX closes Monday with mixed performance; gold prices inch higher

Ahram Online , Monday 6 Nov 2023

The Egyptian Exchange (EGX) indices closed Monday with mixed performance. Gold prices inched higher and the golden pound coin amounted to EGP 20,720 for purchase.

Egyptian Exchange trading hall.
Egyptian Exchange trading hall.


Stock market

The EGX30 index inched lower 0.15 percent, settling at 23,059.15 points.

On the other hand, the EGX70 index edged higher by 0.67 percent, ending at 4,545.89 points.

The EGX100 index increased by 0.43 percent to close at 6,755.04 points.

The market capitalization shrank by nearly EGP 2 billion, ending at around EGP 1,557 billion.

Osool ESB Securities Brokerage was the biggest winner in the market. The stock surged 19.43 percent to close at EGP 0.375 per share.

The greatest loser in the market was El Arabia for Land Reclamation. The stock fell 10.03 percent to end at EGP 31.21 per share.

Gold purchase prices

The purchase price of 24-carat gold reached EGP 2,960 per gram, EGP 11 higher compared to Sunday.

The 21-carat gold price increased by EGP 10 to EGP 2,590 per gram.

The 18-carat gold price edged EGP 23 higher to EGP 2,220 per gram.

The price of the gold pound coin rose by EGP 80, recording EGP 20,720 for purchase.

*Prices reflect updates recorded as of midday.


With a buy rate of EGP 30.8306 and a sell rate of EGP 30.9586, the official EGP/USD exchange rate remains stable.

The euro is valued at EGP 33.1429 for purchase and EGP 33.2928 for sale.

The Saudi riyal is priced at EGP 8.2180 to buy and EGP 8.2525 to sell.

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

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