Market watch: EGX ends in red for second day in row; gold prices dip

Ahram Online , Monday 11 Dec 2023

The Egyptian Exchange (EGX) indices ended all in red for the second consecutive session on Monday and the market cap lost EGP 12 billion. Gold prices suffered a marginal decline.

Egyptian Exchange bell.
EGX trading bell


Stock market

The EGX30 index edged lower 0.03 percent, settling at 24,182 points.

Meanwhile, the SMEs index EGX70 decreased by 1.61 percent to 5,111 points.

The EGX100 index shrank 1.42 percent to close at 7,440 points.

The market capitalization decreased by EGP 12 billion, ending at around EGP 1,615 billion.

The Egyptian Modern Education Systems was the biggest winner in the market, surging by 19.62 percent to close at EGP 0.25 per share.

The greatest losing stock in the market was Asek Company for Mining (Ascom), falling 12.51 percent to reach EGP 45.05 per share.

Gold purchase prices

The purchase price of 24-carat gold declined by EGP 12 on Monday, recording EGP 3,177 per gram.

The 21-carat gold price decreased by EGP 10 for purchase to reach a value of EGP 2,780 per gram.

The 18-carat gold price went down EGP 8 to register EGP 2,383 per gram.

The gold pound coin price inched lower by EGP 80 to hit EGP 22,240 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 33.1891 for purchase and EGP 33.3424 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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