Market watch: Egyptian Exchange indices plunge on Sunday; gold prices increase

Ahram Online , Sunday 10 Dec 2023

The Egyptian Exchange (EGX) indices plunged on Sunday and the market cap lost EGP 36 billion. On the other hand, gold prices inched higher and the purchase price of gold coin pound rose EGP 120.

EGX trading hall.
EGX trading hall.

Stock market

The EGX30 index tumbled 2.01 percent, settling at 24,190 points.

Meanwhile, the SMEs index EGX70 decreased by 1.74 percent to 5,195 points.

The EGX100 index shrank 1.76 percent to close at 7,547 points.

The market capitalization dropped EGP 36 billion, ending at around EGP 1,627 billion.

International Agricultural Products was the biggest winner in the market, surging by 19.99 percent to close at EGP 22.93 per share.

The greatest losing stock in the market was Taqa Arabia, falling 12.15 percent to reach EGP 13.52 per share.

Gold purchase prices

The purchase price of 24-carat gold rose EGP 18 on Sunday, recording EGP 3,189 per gram.

The 21-carat gold price increased by EGP 15 for purchase to reach a value of EGP 2,790 per gram.

The 18-carat gold price went up EGP 12 to register EGP 2,391 per gram.

The gold pound coin price inched higher by EGP 120 to hit EGP 22,320 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 33.1737 for purchase and EGP 33.3269 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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