Market watch: Egypt’s bourse ends Tuesday in green; gold prices jump

Ahram Online , Tuesday 21 Nov 2023

The Egyptian Exchange (EGX) indices end Tuesday slightly higher and the main index returned to a level near its all-time high. Gold prices surged and the 24-carat per-gram price hit a new peak at EGP 3,189.

AI generated photo showing gold bars and stock charts. Photo: DALL E 2 by Open AI.
AI generated photo showing gold bars and stock charts. Photo: DALL E 2 by Open AI.


Stock market

The EGX30 index inched up 0.06 percent, settling at 24,774.04 points.

Meanwhile, the EGX70 index rose by 1.58 percent, ending at 4,933.66 points.

The EGX100 index increased by 1.24 percent to close at 7,244.41 points.

The market capitalization gained around EGP 8 billion, ending at around EGP 1,674 billion.

Orascom Investment Holding was the biggest winner in the market, surging by 20 percent to close at EGP 0.432 per share.

The greatest loser in the market was Egypt Aluminum. Its stock fell 8.08 percent to reach EGP 70.6 per share.

Gold purchase prices

The purchase price of 24-carat gold reached EGP 3,189 per gram, EGP 63 higher than on Monday.

The 21-carat gold price increased by EGP 55 to record EGP 2,790 per gram.

The 18-carat gold price edged EGP 47 higher to EGP 2,391 per gram.

The price of the gold pound coin rose by EGP 440, 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 33.7225 for purchase and EGP 33.8749 for sale.

The Saudi riyal is priced at EGP 8.22 for buying and EGP 8.2545 for selling.

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

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