Market watch: Egypt bourse ends Thursday with varied performance; gold prices decline

Ahram Online , Thursday 30 Nov 2023

The Egyptian Exchange (EGX) ended the week as it started it; with mixed performance. The main index closed in the red territory for the third session in a row. Gold prices also tumbled on Thursday.

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


Stock market

The EGX30 index declined by 0.1 percent, settling at 24,735.39 points.

In contrast, the SMEs index EGX70 rose 1.69 percent to 5,274.93 points.

The EGX100 index increased by 1.5 percent to close at 7,645.91 points.

The market capitalization rose by EGP 7.5 billion, ending at around EGP 1,677 billion.

Asek Company for Mining (Ascom) was the biggest winner in the market, surging by 19.98 percent to close at EGP 52.60 per share.

The greatest loser in the market was National Housing for Professional Syndicates, whose stock fell 8.84 percent to reach EGP 52.57 per share.

Gold purchase prices

The purchase price of 24-carat gold declined by EGP 34 to EGP 3,177 per gram on Thursday.

The 21-carat gold reached EGP 2,780 per gram, EGP 50 lower than yesterday.

The 18-carat gold prices decreased by EGP 43 to record EGP 2,383 per gram.

The price of the gold pound coin dropped EGP 240 to hit EGP 22,240 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 33.6454 for purchase and EGP 33.8037 for sale.

The Saudi riyal is priced at EGP 8.2178 for buying and EGP 8.2525 for selling.

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

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