Marketwatch: EGX continues mixed performance on Thursday

Ahram Online , Thursday 4 Jan 2024

The Egyptian Exchange (EGX) indices continued their fluctuation on Thursday, ending with mixed results. The market cap lost EGP 5 billion.

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


Gold prices, on the other hand, shrugged off yesterday’s loss, and the gold pound coin gained EGP 360.

Stock market

The EGX30 index edged lower by 0.23 percent, settling at 25,350 points.

In contrast, the EGX70 index rose 0.25 percent, ending at 5,678 points and the EGX100 index edged higher by 0.1 percent, closing at 8,152 points.

Market cap decreased by around EGP 5 billion to end at EGP 1,747 billion.

The top performer in the market today was El Arabia for Land Reclamation, which surged 13.98 percent to end at EGP 29.93.

On the other hand, the worst performer was Delta for Printing & Packaging, which dropped 10.61 percent to close at EGP 37.93.

Gold purchase prices

The purchase price of 24-carat gold rose by EGP 46 to EGP 3,623 per gram on Thursday, compared to Wednesday’s prices.

The 21-carat gold price increased by EGP 40 to reach EGP 3,210 per gram, and the 18-carat gold price went up by EGP 34 to EGP 2,751 per gram.

The price of the gold pound reached EGP 25,680 for purchase, EGP 320 higher than yesterday.

*Prices reflect updates recorded as of midday.


The official EGP/USD exchange rate remains stable at EGP 30.8272 for buying and EGP 30.9586 for selling.

The euro is valued at EGP 33.7465 for purchase and EGP 33.9027 for sale.

The Saudi riyal is priced at EGP 8.2197 for buying and EGP 8.2552 for selling.

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

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