Market watch: EGX ends Wednesday in red; gold prices rise

Ahram Online , Wednesday 29 Nov 2023

The Egyptian Exchange (EGX) indices ended with a negative performance on Wednesday, marking a second day of market cap loss. In contrast, gold prices keep rising.

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


Stock market

The EGX30 index tumbled 1.44 percent, settling at 24,759.16 points and the EGX100 index inched down 0.15 percent to close at 7,533.13 points.

On the other hand, the EGX70 index rose by 0.25 percent, ending at 5,187.11 points.

The market capitalization dropped EGP 19 billion, ending at around EGP 1,669 billion.

El Ahli Investment and Development was the biggest winner in the market, surging by 19.98 percent to close at EGP 29.48 per share.

The greatest loser in the market was Osool ESB Securities Brokerage, whose stock fell 10.97 percent to reach EGP 0.349 per share.

Gold purchase prices

The purchase price of 24-carat gold rose by EGP 23 to EGP 3,211 per gram on Wednesday.

The 21-carat gold reached EGP 2,830 per gram, EGP 20 higher than yesterday.

The 18-carat gold prices increased by EGP 17 to record EGP 2,426 per gram.

The price of the gold pound coin grew EGP 160 to hit 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 33.8643 for purchase and EGP 34.0111 for sale.

The Saudi riyal is priced at EGP 8.2184 for buying and EGP 8.253 for selling.

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

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