Market watch: Egypt’s bourse ends in red for second consecutive day; gold makes slight gains

Ahram Online , Thursday 7 Dec 2023

The Egyptian Exchange (EGX) indices ended all in the red for the second day in a row on Thursday. Gold prices rose slightly and the value of the golden pound coin gained by EGP 40.

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


Stock market

The EGX30 index edged lower 0.07 percent, settling at 24,686 points.

Meanwhile, the SMEs index EGX70 decreased by 1.18 percent to 5,286 points.

The EGX100 index shrank 0.93 percent to close at 7,682 points.

The market capitalization declined by EGP 9 billion, ending at around EGP 1,663 billion.

Atlas For Investment and Food Industries was the biggest winner in the market, surging by 19.79 percent to close at EGP 0.46 per share.

The greatest losing stock in the market was Misr Beni Suef Cement, falling 10.81 percent to reach EGP 44.07 per share.

Gold purchase prices

The purchase price of 24-carat gold rose EGP 5 on Thursday, recording EGP 3,171 per gram.

The 21-carat gold price increased by EGP 5 for purchase to reach a value of EGP 2,775 per gram.

The 18-carat gold price went up EGP 5 to register EGP 2,379 per gram.

The gold pound coin price inched higher by EGP 40 to hit EGP 22,200 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 33.2015 for purchase and EGP 33.3548 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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