Market watch: EGX reaches new heights on Thursday; Gold prices edge lower

Ahram Online , Thursday 16 Nov 2023

The Egyptian Exchange (EGX) reached new heights on Thursday after some sessions of fluctuations and moderate increases. Gold prices inched lower but were still the highest in months.

EGX trading hall. Ahram Gate.
EGX trading hall. Ahram Gate.


Stock market

The EGX30 index rose by 1.01 percent, settling at 24,383.27 points.

Meanwhile, the EGX70 index inched higher by 0.97 percent, ending at 4,865.72 points.

The EGX100 index increased by 1.1 percent to close at 7,159.64 points.

The market capitalization gained around EGP 16 billion, ending at around EGP 1,648 billion.

Misr Hotels was the biggest winner in the market for the second session in a row, surging 20 percent to close at EGP 192.04 per share.

The greatest loser in the market was Rowad Tourism, whose stock fell 4.41 percent to EGP 22.77 per share.

Gold purchase prices

The purchase price of 24-carat gold reached EGP 3,086 per gram, EGP 23 lower than on Wednesday.

The 21-carat gold price decreased by EGP 20 to EGP 2,700 per gram.

The 18-carat gold price edged EGP 17 lower to EGP 2,314 per gram.

The price of the gold pound coin declined by EGP 160, recording EGP 21,600 for purchase.

*Prices reflect updates recorded as of midday.


With a buy rate of EGP 30.75 and a sell rate of EGP 30.85, the official EGP/USD exchange rate remains stable.

The euro is valued at EGP 33.3053 for purchase and EGP 33.5031 for sale.

The Saudi riyal is priced at EGP 8.1951 to buy and EGP 8.226 to sell.

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

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