Market watch: Egypt’s bourse ends Tuesday flat; gold prices edge higher

Ahram Online , Tuesday 14 Nov 2023

The Egyptian Exchange (EGX) indices ended nearly flat on Tuesday and the market cap gained only EGP 3 billion. Gold prices rose, with the 24-carat reaching EGP 3,017 per gram.

AI generated photo showing gold coins and USD notes. Photo: DALL E 2 by Open AI.
AI generated photo showing gold coins and USD notes. Photo: DALL E 2 by Open AI.


Stock market

The EGX30 index edged down by 0.25 percent, settling at 23,894.06 points.

Meanwhile, the EGX70 index inched higher by 0.01 percent, ending at 4,791.72 points.

The EGX100 index increased by 0.1 percent to close at 7,027.64 points.

The market capitalization inched higher around EGP 3 billion, ending at around EGP 1,617.3 billion.

Egyptian Gulf Marseilia for Real Estate Investment was the biggest winner in the market for the second session in a row, surging 12.71 percent to close at EGP 1.49 per share.

The greatest loser in the market was Lecico Egypt, whose stock fell 6.13 percent to EGP 18.39 per share.

Gold purchase prices

The purchase price of 24-carat gold reached EGP 3,017 per gram, EGP 17 higher than on Monday.

The 21-carat gold price increased by EGP 15 to EGP 2,640 per gram.

The 18-carat gold price edged EGP 13 higher to EGP 2,263 per gram.

The price of the gold pound coin rose by EGP 120, recording EGP 21,120 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 33.0442 for purchase and EGP 33.1876 for sale.

The Saudi riyal is priced at EGP 8.2197 to buy and EGP 8.2543 to sell.

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

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