Marketwatch: EGX ends Thursday in green; gold achieves slight gains

Ahram Online , Thursday 11 Jan 2024

The Egyptian Exchange (EGX) indices ended Thursday in green after the fluctuations that dominated the four-session week.

Stock market trading screen. Stock image.
Stock market trading screen. Stock image.

 

Gold prices inched higher while the USD reached a new peak of more than EGP 55 in the parallel market.

Stock market

The EGX30 index rose by 0.21 percent, settling at 25,519 points.

The EGX70 index increased by 1.11 percent, ending at 5,955 points and the EGX100 index rose by 0.89 percent, closing at 8,479 points.

Market cap gained around EGP 5 billion to end at EGP 1,780 billion.

The top performer in the market for the second day in a row was Iron and Steel for Mines and Quarries, which surged 19.96 percent to end at EGP 2.69.

On the other hand, the worst performer was Themar Company for Securities, which dropped 4.59 percent to close at EGP 8.10.

Gold purchase prices
 

The purchase price of 24-carat gold rose by EGP 12 to EGP 3,634 per gram on Thursday, compared to yesterday’s prices.

The 21-carat gold price increased by EGP 10 to reach EGP 3,180 per gram, and the 18-carat gold price went up by EGP 9 to EGP 2,726 per gram.

The price of the gold pound reached EGP 25,440 for purchase, EGP 80 higher than Wednesday.

*Prices reflect updates recorded as of midday.

Currencies
 

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 33.8390 for purchase and EGP 33.9956 for sale.

The Saudi riyal is priced at EGP 8.2142 for buying and EGP 8.2613 for selling.

In the parallel market, the USD rose to a new high of EGP 55.28 for each pound from EGP 54.62 yesterday.

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

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