Marketwatch: EGX100 surpasses 9000 points for first time ever at Thursday’s close

Ahram Online , Thursday 18 Jan 2024

The Egyptian Exchange (EGX) ended the last session of the week in the green territory and the EGX100 index exceeded the 9,000-point threshold for the first time.

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


Gold prices recovered some of their gains after declining yesterday and official exchange rates were almost unchanged.

Stock market

The EGX30 index rose by 0.32 percent, settling at 26,842 points.

The EGX70 index increased by 1.21 percent, ending at nearly 6,335 points, and the EGX100 index grew by 1.11 percent, closing at 9,001 points.

Market cap gained around EGP 10 billion to end at EGP 1,886 billion.

Egypt Aluminum was the best performer in the market on Thursday, jumping 15.03 percent to end at EGP 92.60.

The worst performer today was Sinai Cement, which dropped 8.23 percent to close at EGP 14.05.


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 33.5646 for purchase and EGP 33.7201 for sale.

The Saudi riyal is priced at EGP 8.2190 for buying and EGP 8.2545 for selling.

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

Gold purchase prices

The purchase price of 24-carat gold increased by EGP 23 to reach EGP 3,886 per gram on Thursday.

The 21-carat gold price rose by EGP 20 to hit EGP 3,400 per gram, and the 18-carat gold price grew by EGP 17, recording EGP 2,914 per gram.

The gold pound reached EGP 27,200 for purchase, EGP 160 higher than yesterday.

*Prices reflect updates recorded as of midday.

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