Market watch: EGX closes Monday in red; gold prices rise

Ahram Online , Monday 20 Nov 2023

The Egyptian Exchange (EGX) ended in the red on Monday. Gold prices rose and the gold pound coin reached EGP 21,880 for purchase.

File Photo: A general view of the Egyptian stock exchange in Cairo
File Photo: A general view of the Egyptian stock exchange in Cairo

Stock market 

The EGX30 index declined by 0.56 percent, settling at 24,760.02 points.
Meanwhile, the EGX70 index inched lower by 0.89 percent, ending at 4,856.76 points.
The EGX100 index decreased by 1.11 percent to close at 7,155.99 points.
The market capitalization lost around EGP 14 billion, ending at around EGP 1,666 billion.
Egyptian Gulf Marseilia for Real Estate Investment was the biggest winner in the market for the third session in a row, surging by 12.32 percent to close at EGP 1.76 per share.
The greatest loser in the market was Middle and West Delta Flour Mills. Its stock fell 11.19 percent to reach EGP 194.75 per share.

Gold purchase prices

The purchase price of 24-carat gold reached EGP 3,126 per gram, EGP 17 higher than on Sunday.
The 21-carat gold price increased by EGP 15 to record EGP 2,735 per gram.
The 18-carat gold price edged EGP 13 higher to EGP 2,344 per gram.
The price of the gold pound coin rose by EGP 120, recording EGP 21,880 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 33.6732 for purchase and EGP 33.8160 for sale.
The Saudi riyal is priced at EGP 8.2202 for buying and EGP 8.2547 for selling.

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

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