Market watch: Egypt bourse’s benchmark reaches new all-time high on Sunday

Ahram Online , Sunday 19 Nov 2023

The Egyptian Exchange (EGX) started the week by breaking records; the main index EGX30 ended at a new all-time high of nearly 24,900 points. Gold prices inched higher and the 24-carat gold reached EGP 3,109 per gram.

EGX trading hall.
EGX trading hall.

Stock market 

The EGX30 index rose by 2.12 percent, settling at 24,899.59 points.

Meanwhile, the EGX70 index inched higher by 0.89 percent, ending at 4,909.12 points.

The EGX100 index increased by 1.07 percent to close at 7,236.43 points.

The market capitalization gained around EGP 32 billion, ending at around EGP 1,680 billion.

Misr Hotels was the biggest winner in the market for the third session in a row, surging 20 percent to close at EGP 230.44 per share.

The greatest loser in the market was Grand Investment Capital, whose stock fell 7.78 percent to EGP 7.71 per share.

Gold purchase prices

The purchase price of 24-carat gold reached EGP 3,109 per gram, EGP 23 higher than on Thursday.

The 21-carat gold price increased by EGP 20 to EGP 2,720 per gram.

The 18-carat gold price edged EGP 17 higher to EGP 2,331 per gram.

The price of the gold pound coin rose by EGP 160, recording EGP 21,760 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 33.6269 for purchase and EGP 33.7789 for sale.

The Saudi riyal is priced at EGP 8.2206 to buy and EGP 8.2552 to sell.

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

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