Marketwatch: EGX ends Tuesday in green; gold prices decline

Ahram Online , Tuesday 9 Jan 2024

The Egyptian Exchange ended Tuesday in green with slight increases and the market cap gained EGP 18 billion.

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

Gold prices declined and the USD inched higher in the black market.

Stock market

The EGX30 index edged higher by 0.97 percent, settling at 25,590 points.

The EGX70 index rose 0.83 percent, ending at 5,812 points and the EGX100 index increased by the same percentage, closing at 8,319 points.

Market cap gained around EGP 18 billion to end at EGP 1,770 billion.

The top performer in the market today was Gadwa for Industrial Development, which surged 17.55 percent to end at EGP 3.75.

On the other hand, the worst performer was Mena Touristic & Real Estate Development, which dropped 7.03 percent to close at EGP 1.31.

Gold purchase prices

The purchase price of 24-carat gold declined by EGP 17 to EGP 3,743 per gram on Tuesday compared to last week’s prices.

The 21-carat gold price decreased by EGP 15 to reach EGP 3,275 per gram, and the 18-carat gold price went down by EGP 13 to EGP 2,807 per gram.

The price of the gold pound reached EGP 26,200 for purchase, EGP 120 lower than last week.

*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 33.6848 for purchase and EGP 33.8408 for sale.

The Saudi riyal is priced at EGP 8.2201 for buying and EGP 8.2556 for selling.

In the parallel market, the USD reached EGP 54.62 for each pound.

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

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