Marketwatch: EGX ends in green for second consecutive day

Ahram Online , Monday 15 Jan 2024

The Egyptian Exchange (EGX) indices ended in the green for the second day in a row, and the market cap gained EGP 19 billion.

Egypt bourse. AFP
Egypt bourse. AFP

 

Gold prices remained the same as yesterday’s prices while the USD reached a new peak in the parallel market.

Stock market
 

The EGX30 index rose by 1.06 percent, settling at 26,251 points.

The EGX70 index grew 1.32 percent, ending at 6,221 points, and the EGX100 index increased by 1.09 percent, closing at 8,810 points.

Market cap gained around EGP 19 billion to end at EGP 1,836 billion.

Misr National Steel (Ataqa) was the best performer in the market for the second session in a row, jumping 19.94 percent to end at EGP 4.33.

The worst performer today was Wadi Kom Ombo Land Reclamation, which dropped 6.89 percent to close at EGP 88.82.

Currencies
 

In the parallel market, the USD reached a new historic level of EGP 57.15 on Monday, compared to EGP 56.64 yesterday.

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

The euro is valued at EGP 33.7372 for purchase and EGP 33.8934 for sale.

The Saudi riyal is priced at EGP 8.2193 for buying and EGP 8.2554 for selling.

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

Gold purchase prices
 

The purchase price of 24-carat gold remained at EGP 3,749 per gram on Monday.

The 21-carat gold price was stable at EGP 3,280 per gram, and the 18-carat gold price was maintained at EGP 2,811 per gram.

Similarly, the price of the gold pound remained at EGP 26,240 for purchase.

*Prices reflect updates recorded as of midday.

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