Market watch: Egyptian Exchange loses EGP 34 bln in market cap Tuesday

Ahram Online , Tuesday 28 Nov 2023

The main index of the Egyptian Exchange lost nearly 800 points on Tuesday, leading the market to suffer an EGP 34 billion loss in market capitalization. Gold prices remained at yesterday’s levels.

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

Stock market

The EGX30 index tumbled 3.03 percent, settling at 25,121.73 points. 

On the other hand, the EGX70 index rose by 0.87 percent, ending at 5,174.86 points.

The EGX100 index inched up 0.05 percent to close at 7,544.12 points.

The market capitalization dropped EGP 34 billion, ending at around EGP 1,688 billion.

Asek Company for Mining (Ascom) was the biggest winner in the market, surging by 20 percent to closeat EGP 36.54 per share.

The greatest loser in the market was Misr Hotels, whose stock fell 6.02 percent to reach EGP 233.55 per share.

Gold purchase prices

The purchase price of 24-carat gold is unchanged at EGP 3,211 per gram.

The 21-carat gold remained at EGP 2,810 per gram.

The 18-carat gold prices stabilized at EGP 2,409.

The price of the gold pound coin stood at EGP 22,480 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 33.7533 for purchase and EGP 33.9058 for sale.

The Saudi riyal is priced at EGP 8.2197 for buying and EGP 8.2543 for selling.

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

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