Market watch: Egyptian Exchange’s main index breaks 25,000 points for first time ever

Ahram Online , Wednesday 22 Nov 2023

The Egyptian Exchange (EGX) ended Wednesday with more gains and the main index exceeded 25,000 points for the first time in its history. Gold remained at yesterday’s levels.

Egyptian Exchange trading hall.
Egyptian Exchange trading hall.

Stock market

The EGX30 index increased by 1.03 percent, settling at 25,029.57 points. 

Meanwhile, the EGX70 index rose by 2.03 percent, ending at 5,033.79 points.

The EGX100 index increased by 1.85  percent to close at 7,378.34 points.

The market capitalization gained around EGP 17 billion, ending at around EGP 1,691 billion.

Gadwa For Industrial Development was the biggest winner in the market, surging by 19.93 percent to close at EGP 3.25 per share.

The greatest loser in the market was Upper Egypt Flour Mills. Its stock fell 6.56 percent to reach EGP 144.5 per share.

Gold purchase prices

The purchase price of 24-carat gold stabilized at EGP 3,189 per gram.

The 21-carat  and 18-carat gold prices are EGP 2,790 and EGP 2,391 per gram, respectively, the same as yesterday.

The price of the gold pound coin remained at EGP 22,320 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 33.5992 for purchase and EGP 33.751 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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