Market cap: EGX gains EGP 5 bln on Thursday despite main index decline; gold prices surge

Ahram Online , Thursday 14 Dec 2023

Despite the slight decline in the main index, the Egyptian Exchange’s (EGX) market cap gained EGP 5 billion on Thursday, supported by the increase in both the EGX70 and EGX100 indices.

Gold coins and USD notes.
Gold coins and USD notes. AI-generated image. DALL-E by OpenAI.


Gold prices achieved high gains the gold pound coin price rose by EGP 360.

Stock market

The EGX30 index inched down 0.21 percent, settling at 24,723 points.

On the other hand, the EGX70 surged 1.62 percent to end at 5,365 points.

The EGX100 index grew 1.27 percent to close at 7,768 points.

The market capitalization gained EGP 5 billion, ending at around EGP 1,673 billion.

The Egyptian Modern Education Systems' stock soared by 16.11 percent to close at EGP 0.346 per share, making it the biggest winner on the stock exchange.

Meanwhile, the worst performer on the exchange today, Rubex International for Plastic and Acrylic Manufacturing, fell 7.52 percent to reach EGP 6.52 per share.

Gold purchase prices

The purchase price of 24-carat gold increased by EGP 52 on Thursday, recording EGP 3,269 per gram.

The 21-carat gold price rose by EGP 45 for purchase to reach EGP 2,860 per gram.

The 18-carat gold price went up EGP 38 to register EGP 2,413 per gram.

The price of the gold pound jumped EGP 360 to hit EGP 22,520 for purchase.

*Prices reflect updates recorded as of midday.


The official EGP/USD exchange rate remains stable at EGP 30.8306 for buying and EGP 30.9586 for selling.

The euro is valued at EGP 33.7009 for purchase and EGP 33.8532 for sale.

The Saudi riyal is priced at EGP 8.2175 for buying and EGP 8.2521 for selling.

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

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