Market watch: Egypt’s bourse closes Wednesday in red; gold prices go down

Ahram Online , Wednesday 6 Dec 2023

The Egyptian Exchange (EGX) indices ended all in the red on Wednesday and the main index EGX30 lost more than 400 points.

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


Gold prices also tumbled and the value of the golden pound coin declined by EGP 240.

Stock market

The EGX30 index declined by 1.69 percent, settling at 24,703 points. 400

Meanwhile, the SMEs index EGX70 decreased by 1.4 percent to 5,349 points.

The EGX100 index shrank 1.43 percent to close at 7,754 points.

The market capitalization declined by EGP 27 billion, ending at around EGP 1,672 billion.

Egypt for Poultry was the biggest winner in the market, surging by 8.46 percent to close at EGP 5.9 per share.

The greatest losing stock in the market was Cairo Pharmaceuticals, falling 11.08 percent to reach EGP 60.21 per share.

Gold purchase prices

The purchase price of 24-carat gold lost EGP 34 on Wednesday, recording EGP 3,166 per gram.

The 21-carat gold price decreased by EGP 30 for purchase to reach a value of EGP 2,770 per gram.

The 18-carat gold price went down EGP 26 to register EGP 2,374 per gram.

The gold pound coin price declined by EGP 240 to hit EGP 22,160 for purchase.

*Prices reflect updates recorded as of midday.


With a buy rate of EGP 30.8277 and a sell rate of EGP 30.9586, the official EGP/USD exchange rate remains stable.

The euro is valued at EGP 33.2261 for purchase and EGP 33.3733 for sale.

The Saudi riyal is priced at EGP 8.2190 for buying and EGP 8.2543 for selling.

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

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